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Tax audit(Audit)

Final 259 views 1 replies
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.


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