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of <h1>Tax Implications for Asset Transfer: Section 43CA Enforces Stamp Duty Value as Full Consideration for Tax on Land/Buildings</h1> Section 43CA of the Income-tax Act, effective from April 1, 2014, addresses the consideration for transferring assets other than capital assets, specifically land or buildings. If the consideration is less than the value assessed for stamp duty by a State Government, the assessed value is deemed the full consideration for tax purposes. Sub-sections (2) and (3) of section 50C apply to value determination. If the agreement and registration dates differ, the stamp duty value on the agreement date is used, provided non-cash consideration was received by the agreement date. This applies from the 2014-15 assessment year onward.
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