If property dealer sale plot less than stamp value which value taken for business profit
1.Stamp Duty or Actual Value ????
2 Replies
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 13 March 2016
The profit and loss account will show actual value. But in the Computation of total income under income tax act , stamp duty value shall be taken.
rahul
(afd)
(134 Points)
Replied 13 March 2016
but assessee having business of ploting and stamp duty valuation is refer to capital gain
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