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Asked by Arpit on :Feb. 02, 2018

Can you please explain me brief about Section 50C…

Can you please explain me brief about Section 50C of the Act?

Can you please explain me brief about Section 50C of the Act?

0

Kanishka Feb. 02, 2018

Section 50C stipulates that Stamp Duty Value(SDV) shall be considered as sales consideration in case of immovable property when the sales consideration is less than the SDV. When the section was introduced in 2003, the section was applicable only in those cases where property gets registered. So what people used to do is to transfer property through “Agreement to sell” or “Power of Attorney” and not get property registered so as to get away from the clutches of Section 50C.

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