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of <h1>Amendment to Section 50C: Use agreement date valuation if asset transfer dates differ, with specific payment conditions.</h1> Section 50C of the Income-tax Act was amended by the Finance Act, 2016, effective April 1, 2017. The amendment introduces two provisos: if the agreement date and registration date for transferring a capital asset differ, the stamp valuation authority's value on the agreement date may be used to compute the full value of consideration. This applies only if the consideration, or part of it, is received via an account payee cheque, bank draft, or electronic clearing system before or on the agreement date.
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