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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
