Section 50C of Income Tax Act: Applies Only to Land, Building for Stamp Duty Valuation, Not Stock in Trade.

Section 50C of Income Tax Act: Applies Only to Land, Building for Stamp Duty Valuation, Not Stock in Trade. https://www.taxtmi.com/highlights?id=16464 Stamp duty valuation - The provisions of section 50C are applicable only in respect of capital asset, being land or building or both and there is no reference that the said provisions is applicable to stock in trade - AT en-us Fri, 20 Dec 2013 06:41:02 +0530 Fri, 20 Dec 2013 06:41:02 +0530 TaxTMI RSS Generator Section 50C of Income Tax Act: Applies Only to Land, Building for Stamp Duty Valuation, Not Stock in Trade. https://www.taxtmi.com/highlights?id=16464 Stamp duty valuation - The provisions of section 50C are applicable only in respect of capital asset, being land or building or both and there is no reference that the said provisions is applicable to stock in trade - AT Highlights Income Tax Fri, 20 Dec 2013 06:41:02 +0530 https://www.taxtmi.com/highlights?id=16464