Cost of acquisition for capital gains

Milind Kulkarni (CA Practice ) (81 Points)

04 January 2019  

As per section 50C, full value of consideration is deemed to be the government stamp duty value if actual sale consideration is less than it. Similarly, while determining cost of acquisition, is there any such deeming provision, especially if actual cost is more than stamp duty value then reducing the cost to stamp duty value, etc?

 

I believe there should not be any such provision as stamp duty would have been paid on a higher value that time, but still would like to have views of experts. Thanks in advance.