Section 43CA permits agreement-date stamp duty valuation for...

Section 43CA permits agreement-date stamp duty valuation for computing business profits on transfer of land or building held as stock-in-trade where the agreement fixing consideration precedes registration and part consideration is received otherwise than in cash on or before the agreement date. Receipt through RTGS satisfies the non-cash condition. Where the agreed consideration and sale terms remain unchanged until registration, profits from the sale are computed using the stamp duty value prevailing on the agreement date rather than the registration date.