Menu
sec 56
purchasing an immovable property, the date of agreement and registration are not same. there was cash payment on or before the date of agreement. on the date of registration stamp duty value was more than purchase value. let me know effect u/s 56.
Replies (4)
The stamp duty value at the date of the agreement will be taken into consideration. Provided the amount given as a advance payment should be through an account payee cheque.
The stamp duty value at the date of the agreement will be taken into consideration. Provided the amount given as a advance payment should be through an account payee cheque.
taxable as gift as per section 56(2)(X)
the difference between stamp duty value and purchase value will be deemed as your income under section 56(2)(x)
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
