Chartered Accountant Founder
122 Points
Posted on 31 August 2026
The 50C(2) route Aashok mentioned is right, but for the actual ITR form itself, don't overthink the fields. Schedule CG asks for both the full value of consideration and the value adopted by the stamp valuation authority separately. Put 15 lakh in the first, 29 lakh in the second, exactly as they actually are.
The problem is the variance. 15 versus 29 is close to 50%, well past the 10% safe harbour, so the utility is going to pick up the higher SDV figure for your capital gains computation no matter what you do at the filing stage. There's no field or checkbox that lets you override that upfront.
What actually matters here is timing. The 50C(2) objection only becomes relevant once the department flags the mismatch, either through a 143(1)(a) notice or scrutiny. That's when you request the AO refer the property to a DVO. Trying to fight this at the point of filing doesn't really work since the system isn't built to take a dispute at that stage.
So get your registered valuer's report ready now, not later. File the return with actual figures, expect the demand or mismatch notice to come given the size of the gap, and use the valuer's report the moment it does to request the DVO reference. That's the actual sequence that works, even though it feels backwards to file first and argue after.