want to know that , if sale consideration of any property is lower than government valuation , then what will be the sale consideration for calculating capital gain
is there any recent ruling in this regards ,
CA Kishore Bardia
HP No . 09300968500
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Section 50c of income tax
Replies (2)
Value adopted by autority should be taken as sale consideration...however if assessee proves that such value adopted or assessed is more than FMV of a asset,then FMV =Sale consideration...bt onus of proof is on the assessee.
yes agree with Maulik sir...
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