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Messages - cpkunte

#1
Discussion / Applicability of section 50-C
August 11, 2009, 08:04:06 PM
If a property is sold to a trust who is eligible for exemption from stamp duty, at the time of transfer of possession no documents were registered i.e. in f.y.2004-05,assessee offered tax as per possession letter  in f.y. 2006-07sale deed was executed, no where the market value of the property is mentioned, can AO derive the market value on the basis of other fees charged