Section 43CA - Special provision for full value of consideration for transfer of assets other than capital assets in certain cases

Stamp duty value treated as sale consideration where it exceeds safe harbour threshold, altering taxable business income.

Section 43CA treats stamp duty value assessed by the State authority as the full value of consideration for transfers of land or building held as stock in trade when the recorded sale consideration is lower, subject to safe harbour thresholds. The Assessing Officer may refer valuation to a Valuation Officer if the assessee disputes the stamp duty value; the lower of the Valuation Officer's amount and the stamp duty value is adopted. When agreement and registration dates differ, the agreement date stamp duty value may be adopted if part consideration was paid by prescribed non cash modes on or before the agreement date.