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of <h1>New Rules for Asset Transfer: Stamp Duty Value Now 120% of Sale Price Under Section 43CA from AY 2021-22</h1> Section 43CA addresses the valuation of consideration for the transfer of assets other than capital assets, specifically land or buildings held as stock-in-trade. If the sale consideration is less than the stamp duty value, the latter is deemed the sale price. If disputed, the Assessing Officer may refer to a Valuation Officer. The law has evolved from requiring the stamp duty value to exceed 100% to 120% of the actual consideration from AY 2021-22, especially for certain real estate transactions. The valuation on the agreement date is considered if part of the payment is made via specified banking methods before the agreement.
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