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of <h1>Stamp duty value treated as full consideration for land transfers with 110% tolerance; Section 78(2) and (3) cross-reference change</h1> The provision deems stamp duty value to be the 'full value of consideration' for transfers of land or buildings (non-capital assets) where declared consideration is lower, subject to a 110% tolerance where actual consideration remains operative; where agreement and registration dates differ, the stamp duty value as of the agreement date may be used if consideration (or part) was received through specified banking/online modes on or before the agreement date. The only material difference between the Bill and the enacted Act is a cross-reference change in sub-section (5) from section 78(2) and (4) to section 78(2) and (3), whose practical effect cannot be determined from the text provided.
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