I have to sale property at much lower than the stamp duty value (at 15 lakh and sdv is 29 lakh ) due to the very narrow road/pathway. when i put SDV while filing the ITR , tax is being calculted by sytem on stam duty value so there is significant amount of tax liability. i want to object the stamp duty value as per section 50C(2) but not finding ways. looking for help.
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How to object stamp duty value if property is sold at much lesser price
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Quick Summary
To object to an inflated Stamp Duty Value (SDV) of ₹29 Lakhs against an actual sale of ₹15 Lakhs under Section 50C(2), obtain an independent Government Registered Valuer report documenting the narrow pathway defect. Because the automated e-filing portal does not have a direct button to invoke Section 50C(2), declare actual consideration or respond to the CPC Section 143(1)(a) mismatch notice by formally requesting the Assessing Officer to refer the property to a Departmental Valuation Officer (DVO). If the DVO determines a lower market value, that lower figure will be adopted for your capital gains tax computation.
What amount should I put in the field where there is required to fill stamp duty value. ? If I put SDV price then I have to pay tax on 29 lakh and then submit the return.
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