Stamp duty query
This query is : Resolved
11 July 2014
as per capital gain provisions,we can not sale proprty below stamp duty value....
what in case of business as land held as stock....
land held as stock should be sale at below stamp duty value ?
50c will apply here or not ?
what in case of business as land held as stock....
land held as stock should be sale at below stamp duty value ?
50c will apply here or not ?
11 July 2014
dear jain,
pls refer to sec 43 CA applicable from A>Y 2014-15, if any land and building even held as stock in trade is sold at a price lesser than stamp value price , then stamp value price shall be deemed to be full value of consideration. hence sec 50 c is applicable.
pls refer to sec 43 CA applicable from A>Y 2014-15, if any land and building even held as stock in trade is sold at a price lesser than stamp value price , then stamp value price shall be deemed to be full value of consideration. hence sec 50 c is applicable.
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
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Refund of AY 22-23
- TDR receipts for agreement holder
- Inventory of finished goods
- Applicability of Ind As to associate of associate
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Company Incorporation - CA and directors signing from different states
- Confusion around Form 26QB fields
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
