Radhey has sold his house on 11th August, 2017 for ₹80 lakh. The value applied by Stamp Valuation Authority is ₹100 lakh. He disputed this valuation and the departmental valuation cell made the valuation at ₹110 lakh. Th
CS Executive · Tax Laws and Practice · PYQS · June 2018
Radhey has sold his house on 11th August, 2017 for ₹80 lakh. The value applied by Stamp Valuation Authority is ₹100 lakh. He disputed this valuation and the departmental valuation cell made the valuation at ₹110 lakh. The value to be taken for calculation of capital gain as per section 50C is:
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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