Short term capital gain & sale consideration

This query is : Resolved

Shruti Mishra (Querist)
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24 February 2014 The thumbrule is stamp duty value shall be adopted while computing LONG TERM CAPITAL GAINS as full value consideration in case Stamp duty value is higher than agreement value.

Does the same apply to SHORT TERM CAPITAL GAINS as well ?

Pls explain..

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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25 February 2014 Section 50C is applicable for computation of capital gains (both LTCG & STCG).

It does not differentiate between LTCG & STCG.

So, sales consideration will be taken to be stamp duty value if the assessee claims the sale consideration to be less than the stamp duty value.