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Section 50c is applicable if there is capial loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 June 2014 my client has sold house for rs 1cr and index cost of acquatation is rs 1.2 cr and market value as per stamp duty is 5cr. is my client is liable to pay ltcg on rs 3.8 cr or 50c is not applicable if calculated capital gain is loss?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
27 June 2014 yes 50C is applicable...please note that capital gains are arrived at after application of 50C and not before. in this case, 3.8 cr shall be cap gains.
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Rupesh Jain

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Rupesh Jain (Expert)
27 June 2014 section 50C is always applicable if is is loss or profit.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
07 July 2014 profit or loss doesnt decides the applicability of sec 50C

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