Determination of Full Value of Consideration for transfer of assets other than capital assets - (New) Section 53 / (Old) Section 43CA

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....mp duty value for computing profits and gains from transfer of such asset shall be deemed to be the full value of consideration.  • In case Date of Agreement & Registration are Different [ Section 53(3) and (4) ] • Where the amount of consideration or a part thereof has been received by specified banking or online mode on or before the date of agreement for transfer of such asset. • In Such case the date of agreement fixing the value of consideration for transfer of asset and date of registration for transfer of such asset are different, • then the stamp duty value as on date of agreement may be taken to be the full value of consideration under sub-section (1).  ....

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.... value shall be taken as sales price. • is lower than stamp duty value: Value ascertained by Valuation officer shall be taken as sales price. Note: • Stamp duty value adopted/ assessed/ assessable by stamp duty authority shall be deemed to be full value of consideration for the purposes of computation of income under the head of " Profit and gains of business or profession" if the following condition is satisfied  • For the A.y. 2014-15 to 2018-19, If stamp duty value exceeds 100% of ale consideration. • For the A.y. 2019-20 and  2020-21, If stamp duty value exceeds 105% of ale consideration. • Form the A.y. 2021-22, If stamp duty value exceeds 110% of a....

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....09/2023 Actual Consideration  Rs. 100 lakhs (Rs.10 lakhs received A/c payee as on 01/07/2023) Stamp duty value on the date of agreement  Rs. 120 as on 01/07/2023 Stamp duty value on the date of registration Rs. 210  as on 01/09/2023 Full value of consideration  Rs. 120 Remark  As part of the consideration is received by a/c payee cheque on the date of agreement, Stamp duty value (SDV) on the date of agreement to be adopted as full value of consideration, since the SDV exceeds 110% of consideration i.e. Rs. 110 lakhs Example 2        Date of transfer of land/ building held as Stock-in-trade  01/09/20....