DEAR FRIENDS CAN ANYONE CONFIRM WHETHER SEC269UC HAS BEEN REPEALED OR IS IT STILL EFFECTIVE.
WHAT ARE THE SECTIONS UNDER WHICH DEEMED CAPITAL GAIN, BY VIRTUE OF DIFFERENCE IN CONSIDERATION SET FORTH FOR PURCHASE OF PROPERTY AND VALUE DETERMINED FOR STAMP DUTY PUPOSE,FOR LIMITED COMPANY IS TAXED.
X LTD PURCHASES A IMMOVABLE PROPERTYFROM Y LTD FOR ACTUAL CONSIDERATION OF 25 LAKHS, BUT THE STAMP DUTY AUTHORITY VALUES IT AT 2 CRORES FOR STAMP DUTY PURPOSE.WHAT ARE TAX IMPLICATIONS FOR BOTH.
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