Meaning of assessable
This query is : Resolved
02 January 2012
What is the meaning of assessable u/s 50C u/h capital gains?
02 January 2012
Assessable means the value that would have been adopted by the stamp valuation IF the property was offered for valuation to the stamp valuation authority.
This was inserted to counter avoidance of Section 50C by transferring property through power of attorney.
This was inserted to counter avoidance of Section 50C by transferring property through power of attorney.
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