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of <h1>Amendment to Section 50C: Stamp Value Threshold Set at 105% for Capital Gains Tax Calculation Under Income-tax Act.</h1> In the Finance Act, 2018, an amendment to section 50C of the Income-tax Act was made, effective April 1, 2019. This amendment introduces a proviso stating that if the value determined by the stamp valuation authority does not exceed 105% of the consideration received from a property transfer, the consideration received will be deemed the full value for the purposes of section 48. This provision impacts the calculation of capital gains tax by setting a threshold for discrepancies between the actual transaction value and the stamp authority's assessed value.
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