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of <h1>New Income Tax Bill Clause 53 Targets Asset Transfer Valuation to Prevent Tax Evasion, Aligns with Section 43CA.</h1> Clause 53 of the Income Tax Bill, 2025, addresses the full value of consideration for the transfer of assets other than capital assets, such as land or buildings. It mandates that if the actual consideration is less than the stamp duty value, the stamp duty value is deemed the full value for tax purposes. Exceptions are provided if the stamp duty value does not exceed 110% of the actual consideration. This clause aims to prevent tax evasion through undervaluation and aligns with anti-evasion measures. It is compared with Section 43CA of the Income-tax Act, 1961, which includes specific provisions for residential units.
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