Ltcg on property - valuation

This query is : Resolved

Kapil Khanna (Querist)
Follow

30 May 2013 For LTCG on Property transfer, which value is to be considered - Sale deed agreement OR Value as per Stamp duty paid / Circle rate applicable at the time of sale/purchase.

Please advise.

Thanks,
Kapil

Kumod

Kumod (Expert)
Follow

31 May 2013 If Value of Sale Deed Agreement > Stamp Duty Value/Circle Rate;
then Sale Price = Value of Sale Deed Agreement

If Value of Sale Deed Agreement < Stamp Duty Value/Circle Rate;
then Sale Price = Stamp Duty Value/Circle rate
Section 50C applicable.