Sec.43ca: sale of immovable property as stock-in-trade

shree (Student) (122 Points)

29 August 2016  

Respected seniors',

My query is regarding sale of immovable property in the course of business (of builders/ developers) as stock-in -trade. If the sale of flats are below the rate fixed by stamp valuation authority, will the difference be taxed in the hands of builder ? (Plz. refer sec.43CA of IT Act,1961)