Section 50c

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..... Section 50c
Query (Issue) Started By: - varun arora Dated:- 24-11-2015 Last Reply Date:- 30-11-2015 Income Tax
Got 1 Reply
Income Tax
Dear Experts, Kindly resolve my query, I sold my ho .....

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..... use at a value lesser than a value adopted for the purpose of stamp duty and in that particular case. Valuation for stamp duty -10,000 my transaction value(Actual sale value) - 8,000 And my assessi .....

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..... ng officer is demanding tax on differential amount i.e. 2,000 while applying section 50c Is there any kind of remedy availabe because i sold my property actually at 8000 . Reply By MARIAPPAN GOVINDA .....

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..... RAJAN: The Reply: The demand of tax on differential amount is correct. No remedy is available.
Discussion Forum - Knowledge Sharing .....

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