TMI BlogIncome tax Act Section 50CX X X X Extracts X X X X X X X X Extracts X X X X ..... our client has purchased one flat in Ghatkopar mumbai. he has paid advances against his flat in year 2009 with one particular rate. Builder has given possession in year 2014 when my client h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as paid full amount. when agreement made in 2014 rate of stamp duty rate was high i.e.Agreement value lower then stamp act value. now mater is observe by Income tax department that it is violat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion of section 50 C AND it is chargeable for tax on difference amount. can you advise for this or give us any Judgment regarding section 50C AS PER MY PROBLEM. - Reply By MARIAPPAN GOVINDARAJ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AN - The Reply = The department is right in demanding the differential tax. - Reply By Ganeshan Kalyani - The Reply = It is usual practice of the builders to undervalue the property for stamp duty p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urpose and black money is demanded. thus how would a common man come to know about the appropriate market value while entering for agreement. - Income tax Act Section 50C - Query Started By: - sham ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ji bhanushali Dated:- 5-11-2015 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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