Question And Answer
Subject: 50C and 45(5A)
Querist: Prakash Kulkarni
Answered by:
Tags: ,
Date: October 8, 2022
Query asked by Prakash Kulkarni


In case of assessee, who is HUF and owner of land has executed the specified agreement with the developers for development of land in the FY 2019-20. on the obtaining of the completion certificate of the project it is noticed that  Stamp duty value of developed structure is  higher than fair market value. In this situation whether there is any  impact of section 50C also

pl guide

File Uploaded: Not Available

Section 45(5A) of the Income-tax Act, 1961 is a deeming provision and hence has to be interpreted strictly. The said provision does not invoke section 50C of the Act, therefore, section 50C of the Act will not come into play.

Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of

Leave a Reply

Your email address will not be published. Required fields are marked *