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Asked by Indulekha on :Apr. 07, 2020

Mr Hansh deals in sale and purchase of lands and …

Mr Hansh deals in sale and purchase of lands and buildings. He holds various lands and buildings as…

Mr Hansh deals in sale and purchase of lands and buildings. He holds various lands and buildings as stock in trade.

Please advise while calculating Hansh's income can we ignore the Stamp Duty Value (SDV) of the property and use the actual consideration received only?

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Kanishka Apr. 07, 2020

No, you can't ignore SDV.

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