https://www.taxtmi.com/forum/issue?id=2057 Section 50C deems the stamp duty value as the sale consideration for computing capital gains when stamp valuation exceeds declared consideration; omission to apply this deeming rule allows the assessing officer to adjust gains and may attract tax, interest and a penalty under section 271(1)(c). Taxpayers may challenge the stamp valuation as excessive, maintain actual consideration was disclosed, or argue the excess is a gift not subject to capital gains. en-us Wed, 14 Jul 2010 15:51:17 +0530 Thu, 23 Jan 2025 15:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2057 Section 50C deems the stamp duty value as the sale consideration for computing capital gains when stamp valuation exceeds declared consideration; omission to apply this deeming rule allows the assessing officer to adjust gains and may attract tax, interest and a penalty under section 271(1)(c). Taxpayers may challenge the stamp valuation as excessive, maintain actual consideration was disclosed, or argue the excess is a gift not subject to capital gains. Discussion-Forum Income Tax Wed, 14 Jul 2010 15:51:17 +0530 https://www.taxtmi.com/forum/issue?id=2057