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of <h1>Section 50C: Stamp valuation treated as full consideration for capital gains unless actual payment exceeds 90% of stamp value</h1> Where consideration on transfer of land or building is lower than the value adopted or assessable by the stamp valuation authority, that stamp value is deemed the full value of consideration for computing capital gains; if the agreement date differs from registration, the stamp value as of the agreement date may be used where consideration (or part) was paid by account-payee cheque, bank draft or prescribed electronic mode before the agreement. If the stamp value does not exceed 110% of actual consideration, actual consideration is taken. An assessee may contest the stamp value before the Assessing Officer, who can refer valuation to a Valuation Officer; if the Valuation Officer's value exceeds the stamp value, the stamp value remains operative.
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