Section 50c clarification

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1 Points Posted on 17 November 2020
If a assessee sales a property less than the govt value. On which value the assessee have to pay the capital gain
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On 17 November 2020 at 23:25 Report
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This discussion clarifies Section 50C of the Income Tax Act regarding capital gains on property sales. If a property is sold for less than its government or stamp duty valuation, the capital gains tax will be calculated based on the stamp duty valuation, provided the difference between the sale price and the stamp duty value exceeds 5%.

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512 Points Posted on 18 November 2020
If the stamp duty valuation is more than 105% of actual sale consideration, then sale consideration is to be taken as stamp duty valuation
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On 18 November 2020 at 00:05
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Tax consultant
5895 Points Posted on 18 November 2020
Stamp duty valuation as per Shivani kudtarkar says
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On 18 November 2020 at 01:18
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students
61 Points Posted on 18 November 2020
Value adopted by stamp valuation authority will be considered
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On 18 November 2020 at 07:59
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209 Points Posted on 18 November 2020
If the difference between the selling price and Stamp duty value exceed 5% then SDV has to be taken for calculating capital gain
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On 18 November 2020 at 09:25

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