section 50C and compulsory acquisition
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2010
whether section 50C shall applicable in case of compulsory acquisition of land by the government, and compensation recd is less than assessable value u/s 50C?
19 November 2010
Section 50 C is appliccable for transfer of land or Building or Both.
If the transfer of Industrial undertaking due to compulsary acquisition,But no stamp duty value shall be apply here. What you receiving in the form of compensation or initial compensation shall be regarded as Full Value of consideration
My conclusion is Stamp duty value shall not apply in the case of compulsory acquisition cases
If the transfer of Industrial undertaking due to compulsary acquisition,But no stamp duty value shall be apply here. What you receiving in the form of compensation or initial compensation shall be regarded as Full Value of consideration
My conclusion is Stamp duty value shall not apply in the case of compulsory acquisition cases
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