Deemed full value of consideration when stamp duty valuation closely aligns with sale consideration; specifies non-cash payment methods. Where the stamp duty value adopted or assessed does not exceed a narrowly higher threshold relative to the consideration received or accruing on transfer, the consideration so received or accruing shall be deemed to be the full value of consideration for computing profits and gains from transfer. The amendment also specifies qualifying non-cash payments as account payee cheque, account payee bank draft, or electronic clearing system through a bank account.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deemed full value of consideration when stamp duty valuation closely aligns with sale consideration; specifies non-cash payment methods.
Where the stamp duty value adopted or assessed does not exceed a narrowly higher threshold relative to the consideration received or accruing on transfer, the consideration so received or accruing shall be deemed to be the full value of consideration for computing profits and gains from transfer. The amendment also specifies qualifying non-cash payments as account payee cheque, account payee bank draft, or electronic clearing system through a bank account.
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