Section 50c

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....ection 50c<br> Query (Issue) Started By: - varun arora Dated:- 24-11-2015 Last Reply Date:- 30-11-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Experts, Kindly resolve my query, I sold my hou....

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....se at a value lesser than a value adopted for the purpose of stamp duty and in that particular case. Valuation for stamp duty -10,000 my transaction value(Actual sale value) - 8,000 And my assessin....

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....g officer is demanding tax on differential amount i.e. 2,000 while applying section 50c Is there any kind of remedy availabe because i sold my property actually at 8000 . Reply By MARIAPPAN GOVINDAR....

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....AJAN: The Reply: The demand of tax on differential amount is correct. No remedy is available.<br> Discussion Forum - Knowledge Sharing ....