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Query in regards to Full Value Consideration(Section 50C)

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BISWAJIT PRADHAN

243 Points Posted on 18 October 2020

Where date of agreement and date of registration is not same and no such payment has been received by way of ECS, DD etc.
Then if '' Stamp Department Value'' shall not be taken therefore which value shall be considered as "Full Value Consideration "??

Supppse : where,
Sale Value : Rs. 120 Lacs
Stamp Dept.Value (Date of Agreement) : 150 Lacs
Stamp Dept. Value(Date of Registration) : 160 Lacs
Fair Market value : 155 Lacs
What will be Full Value Consideration?

Replies (3)

Quick Summary

This discussion clarifies how to determine the 'Full Value Consideration' under Section 50C of the Income Tax Act when the date of agreement and the date of registration are different. It addresses scenarios where stamp duty values vary between these dates and no electronic payment has been made. The consensus points towards using the Stamp Department Value on the date of registration as the 'Full Value Consideration'.