Valuation adjustment under section 43CA raised, changing deemed consideration rules for property transfers effective next fiscal year. Amendment increases the valuation adjustment threshold in the proviso to the income tax provision governing deemed consideration on transfers of property, ... Summary
Valuation adjustment under section 43CA raised, changing deemed consideration rules for property transfers effective next fiscal year.
Amendment increases the valuation adjustment threshold in the proviso to the income tax provision governing deemed consideration on transfers of property, substituting the prior percentage with ten per cent., effected by the Finance Act, 2020 and applicable from the commencement of the specified fiscal year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
