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Amendment of section 43CA.

Clause 14 - Bills - DIRECT TAXES - Income-tax - FINANCE BILL, 2018 - Clause 14 - 14. In section 43CA of the Income-tax Act, with effect from the 1st day of April, 2019,- (a) in sub-section (1), the following proviso shall be inserted, namely:- Provid .....

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n so received or accruing as a result of the transfer shall, for the purposes of computing profits and gains from transfer of such asset, be deemed to be the full value of the consideration. ; (b) in sub-section (4), for the words by any mode other t .....

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g to special provision for full value of consideration for transfer of assets other than capital assets in certain cases. The said section, inter alia, provides that in case of transfer of an asset (other than a capital asset) being land or building .....

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s from transfer of such asset, if it is more than the consideration. The said section also provides that where the date of agreement fixing the value of consideration for transfer of the asset and the date of registration of such transfer of asset ar .....

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r than cash on or before the date of agreement for transfer of the asset. It is proposed to insert a proviso to sub-section (1) of the said section so as to provide that where the value adopted or assessed or assessable by the stamp valuation authori .....

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transfer of such asset, be deemed to be the full value of the consideration. It is further proposed to amend sub-section (4) of the said section so as to provide that where the date of agreement fixing the value of consideration for transfer of the .....

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