LTCG - valuation of the property to the DVO - Valuation report ...

Income Tax

June 29, 2020

LTCG - valuation of the property to the DVO - Valuation report given by the DVO cannot be ignored. Since the DVO himself valued the property which is less than the value adopted for the purpose of stamp duty and registration, the same should be adopted for the purpose of determining the full value of consideration received on transfer of capital asset for computing LTCG as laid down in Sec.50C(3)

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LTCG - valuation of the property to the DVO - Valuation report ...

Income Tax

June 29, 2020

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