Sec 50c doubt

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CA CS
350 Points Joined June 2014
in case of sec 50C where Stamp duty Value is taken as the sales consideration then what shall be the cost of acquisition for the buyer?
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On 20 August 2014 at 23:21 Report
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MAM I MY OPINION ............FOR BUYER TRANSACTION VALUE WILL B TAKEN AS COA AND NOT SDV.........SDV IS ONLY FOR THE PURPOSE OF SD OF SELLER
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On 20 August 2014 at 23:30
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CHARTERED ACCOUNTANT
1190 Points Joined October 2012
If an individual or huf purchase an immovable property for value less than sdv then diff amt will be taxable as income from other sources. COA in this case will be sdv becoz he has paid tax on diff amt.
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On 22 August 2014 at 22:08


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