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of <h1>Finance Bill 2018 amends section 50C: Stamp duty value up to 105% of sale price won't affect capital gains.</h1> Clause 19 of the Finance Bill, 2018, amends section 50C of the Income-tax Act. It introduces a proviso stating that if the stamp valuation authority's value does not exceed 105% of the consideration from the transfer of a capital asset like land or building, the consideration received will be deemed the full value for capital gains computation under section 48. This amendment, effective from April 1, 2019, applies to the assessment year 2019-2020 and onwards, modifying how capital gains are calculated when the stamp duty value slightly exceeds the actual consideration.
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