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of <h1>New Income Tax Bill 2025: Clause 78 Sets Rules for Asset Transfer Valuation, Stamp Duty, and Fair Market Value.</h1> Clause 78 of the Income Tax Bill, 2025, addresses the valuation of consideration for the transfer of capital assets like land or buildings. If the consideration is less than the stamp duty value, the stamp duty value is deemed the full value for tax purposes. Exceptions apply if the agreement date differs from the registration date and part or full payment was received through specified banking methods. If the stamp duty value is within 110% of the consideration, the actual consideration is used. An Assessing Officer may involve a Valuation Officer if the stamp duty value exceeds the fair market value, provided no disputes exist in other forums.
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