TMI BlogSection 43CA - Special provision for full value of consideration for transfer of assets other than capital assets in certain casesX X X X Extracts X X X X X X X X Extracts X X X X ..... . from A.Y. 2014-15 as an anti-avoidance measure to provide that where the consideration for the transfer of an asset (other than capital assets). Where the sales consideration received or accruing on transfer of a stock in trade, being land or building or both, is less than the value assessed or assessable by the stamp valuation authority of a State Govt. for the purpose of payment of stamp duty, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ins of business or profession if the following condition is satisfied For the A.y. 2014-15 to 2018-19, If stamp duty value exceeds 100% of ale consideration. For the A.y. 2019-20 and 2020-21, If stamp duty value exceeds 105% of ale consideration. Form the A.y. 2021-22, If stamp duty value exceeds 110% of ale consideration. W.e.f. AY 2021-22 In order to boost the demand in real-estate sector and to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as sales price. This shall apply only in a case where the amount of consideration or a part thereof has been received by way of an account payee cheque or an account payee bank draft or by use of electronic clearing system through a bank account or through such other electronic mode as may be prescribed on or before the date of agreement for transfer of the asset. Examples Example 1 Date of transf ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t ₹ 109 as on 01/07/2023 Stamp duty value on the date of registration ₹ 130 as on 01/09/2023 Full value of consideration ₹ 130 Remark SDV on the date of registration to be adopted as full value of consideration and such consideration i.e. ₹ 110 lakhs. since part of consideration is received by cash on the date of agreement, the SDV on the date of agreement cannot be conside ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1/03/2024 Actual Consideration ₹ 100 lakhs (Full amount received in cash on the date of registration) Stamp duty value on the date of agreement ₹ 120 as on 01/05/2023 Stamp duty value on the date of registration ₹ 130 as on 31/03/2024 Full value of consideration ₹ 130 Remark Stamp duty value of the date of registration would be the full value of consideration since the stam ..... X X X X Extracts X X X X X X X X Extracts X X X X
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