section 43CA

Stamp value on the date of agreement can be substituted for value on date of reg only if consideration is received by mode other than cash on or before date of agreement. this provision applies for both sec 43ca and 56.. thus for anand 90l minus 40l will be taxed as business income.. since kumar is only a friend, gift taxation shall apply for him and 90l minus 50l will be taxable as ios. Also consider the violation of 269st for receiving cash in excess of 2l