Menu
Tax audit(Audit)
difference between clause 17 and clause 29(b) of form 3CD both are saying about transfer of Immovable property
Replies (1)
Clause 17: seller point of view
We should report the deatails when sale value is less than stampduty value when the immovable property sold by a person contain immovable property as stock in trade(sec43ca)(stamp duty value consider as full value consideration)
sec50c: when immovable property sold as a capital asset less than stamp duty value(stampduty value consider as full value of the construction)
cluse29(b)
section 56(2)(x) covered recipient's point of view.
We should report the deatails when sale value is less than stampduty value when the immovable property sold by a person contain immovable property as stock in trade(sec43ca)(stamp duty value consider as full value consideration)
sec50c: when immovable property sold as a capital asset less than stamp duty value(stampduty value consider as full value of the construction)
cluse29(b)
section 56(2)(x) covered recipient's point of view.
Recent Threads
- Practice sheet in tally
- Can I use Savings Account for GST-registered freel
- FEMA QUERY : OCI Card Holder (FEMA Resident) - Pur
- ITC Inter head difference between GSTR2A and 3B
- Form 10IEA for re-entering new regime
- ITR Utility is awful
- Sale value - sale deed or AIS
- Deductions under Schedule EI
- Income under section 194R
- Schedule FA A3 csv Example
Related Threads
CAclubindia
