AO Must Use Agreement Date DLC Rate for Capital Gains, Not Registration Date Rate, per Section 50C.

AO Must Use Agreement Date DLC Rate for Capital Gains, Not Registration Date Rate, per Section 50C. https://www.taxtmi.com/highlights?id=49673 Capital gain computation - Addition u/s 50C - Increase in Circle Rate between the date of agreement and actual date of registration - AO is directed to adopt full value consideration as DLC rate on the date of agreement and if sale consideration shown in the sale deed is more than DLC Rate of the property then no addition u/s 50C. en-us Thu, 10 Oct 2019 15:57:39 +0530 Thu, 10 Oct 2019 15:57:39 +0530 TaxTMI RSS Generator AO Must Use Agreement Date DLC Rate for Capital Gains, Not Registration Date Rate, per Section 50C. https://www.taxtmi.com/highlights?id=49673 Capital gain computation - Addition u/s 50C - Increase in Circle Rate between the date of agreement and actual date of registration - AO is directed to adopt full value consideration as DLC rate on the date of agreement and if sale consideration shown in the sale deed is more than DLC Rate of the property then no addition u/s 50C. Highlights Income Tax Thu, 10 Oct 2019 15:57:39 +0530 https://www.taxtmi.com/highlights?id=49673