Wednesday, September 9, 2020

Matter remanded back to adopt stamp duty value of property as on date of execution of sale deed for capital gains

INCOME TAX : As per proviso to section 50C, with effect from 1-4-2003, stamp duty value of property on date of execution of agreement to sell should be adopted instead of value on date of execution of sale deed, for determination of capital gains

from www.taxmann.com Latest Case Laws https://ift.tt/2Ff4uRX

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...