Section 43CA - Special provision for full value of consideration for transfer of assets other than capital assets in certain cases.

Stamp duty value deemed consideration for land or building transfers, with tolerance rules and residential unit exceptions.

Section 43CA deems the stamp duty value adopted or assessable by a State authority for land or building transfers to be the full value of consideration for computing business income when actual consideration is lower; an override proviso allows actual consideration to prevail if it exceeds a prescribed tolerance, with a higher tolerance for certain residential unit transfers subject to first-allotment and consideration conditions. Provisions of section 50C apply for value determination; where agreement and registration dates differ, the stamp duty value on the agreement date may be used if consideration was received by prescribed non-cash modes on or before that date. 'Residential unit' is defined within the section.