Sec 50 C Defeated or Not

Amir (Learner) (4016 Points)

01 February 2010  

Hi friends,

Sec 50 C says that For computing capital gain in respect of Land or Building or Both, sales consideration will NOT BE LESS THAN  the Value adopted by Stamp valuation Authority "IN RESPECT OF SUCH TRANSFER"


1) If upon transfer, the property is not registered or is registered at alater date then whether Sec 50 C can be escaped ? 

2) Since we have a specific section for reference of valuation officer in case of land, building or both then can Sec 55 A be invoked in this case?