Tag: Section 50C

Description: Where the assessee has not disputed the value adopted or assessed by the stamp valuation authority or no appeal or revision or reference has been made for the purpose, the assessee can make a claim before the Assessing Officer and the Assessing Officer may make a reference to the Valuation Officer for ascertaining the […]

Description: Section 50Cis applicable when the capital asset transferred is land of building or both. If the apparent consideration is less than the value so adopted or the assessed by the State stamp valuation authority. The value so adopted for the purpose of payment of stamp duty shall be deemed to be the full value […]