Full value of consideration rules govern land and building transfers when stamp duty value exceeds disclosed consideration. Special provision for computation of full value of consideration applies to transfers of land or building, or both, where disclosed consideration is below stamp duty value. The rule excludes movable property, shares, jewellery, intangible assets, and stock-in-trade. It permits agreement-date stamp duty value where consideration is partly or fully received through specified banking or electronic modes, and deems consideration to be full value where stamp duty value does not exceed 110% of the consideration. It also allows reference to a Valuation Officer in specified cases.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Full value of consideration rules govern land and building transfers when stamp duty value exceeds disclosed consideration.
Special provision for computation of full value of consideration applies to transfers of land or building, or both, where disclosed consideration is below stamp duty value. The rule excludes movable property, shares, jewellery, intangible assets, and stock-in-trade. It permits agreement-date stamp duty value where consideration is partly or fully received through specified banking or electronic modes, and deems consideration to be full value where stamp duty value does not exceed 110% of the consideration. It also allows reference to a Valuation Officer in specified cases.
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