Section 50C of the Income Tax Act makes a Special Provision for determining the full value of consideration in case of transfer of:

CS Executive · Tax Laws · PYQS · December 2023
Section 50C of the Income Tax Act makes a Special Provision for determining the full value of consideration in case of transfer of:
(A) Plant and Machinery
(B) Land
(C) Building
(D) Land or Building or both

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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