Immovable properties held as stock in trade to be dealt in same terms as capital asset is dealt u/s 50C

0 comments Monday, March 4, 2013


Currently, when a capital asset, being immovable property, is transferred for a consideration which is less than the value adopted, assessed or assessable by any authority of a State Government for the purpose of payment of stamp duty in respect of such transfer, then such value (stamp duty value) is taken as full value of consideration under section 50C of the Income-tax Act.

  These provisions do not apply to transfer of immovable property, held by the transferor as stock-in-trade.

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