Full value of consideration now includes cash, cheque, draft or other modes, affecting capital gains computation. Amendment of section 45(5A) treats full value of consideration for transfers of land or building under specified agreements as the stamp duty value of the ... Summary
Full value of consideration now includes cash, cheque, draft or other modes, affecting capital gains computation.
Amendment of section 45(5A) treats full value of consideration for transfers of land or building under specified agreements as the stamp duty value of the assessee's share increased by any consideration received in cash, by cheque or draft or by any other mode; capital gains remain chargeable in the year in which the certificate of completion is issued.
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