Is 50C of I.T. Act applicable on development rights agreements?

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Section 50C of the I T Act provides that in case a capital asset which is either land or building  or both is sold , the valuation for the purpose of stamp duty valauation can be taken as sales consideration for the purpose of computation of capital gains u/s 48 of the I T Act….

About Prashant Thakur
The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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