Draft assessment order on 50c
require draft assessment order on 50C
Replies (1)
Section 50C mandates that for tax purposes, the sale price of land or buildings cannot be lower than the government's stamp duty valuation (unless within a 10% tolerance margin). This ensures that capital gains tax is paid on a value that reflects the market standard, preventing tax evasion via property undervaluation.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
