Section 50C deals only with the transfer of land or buildings as capital property and not the transfer of commercially stored land or buildings. The transfer of commercially stored land or construction property is handled by Section 43CA. Essentially, Section 43CA contains the same provisions as section 50C, i.e., if the consideration for the sale is less than the value of the stamp tax, the issue of sale is considered a stamp tax for the purposes of calculating the income of the business and the profession. Also note that if the value accepted or assessed by the authority to pay stamp duty does not exceed one hundred and ten per cent of the consideration received or due, the consideration thus received or generated as a result of the transfer must be considered the total value of the consideration for the purposes of calculating the gains and profits resulting from the transfer of that asset. The above definition shows that a purchase agreement contains a promise to transfer the property in question in the future under certain conditions. This agreement itself therefore does not create any rights or interests on the property for the proposed buyer. Hello I bought a resale apartment in Navi Mumbai in April 2019 and it was registered for the first time on April 02, 2019 and bank loan was approved on April 19, 2019 Deed Registration Sale was concluded on April 21, 2019. For example, if the real estate really could not get the bill to sell the stamp duty valuation amount, is that still triggered by Section 50C? Section 56 (vii) (vii) applies only to individual valuations and HUF, i.e. income from other sources u/s 56 (2) (vii) is not taxable, even if they buy at a price below the value of stamp tax. 0.5% of the market value of the separate stock or shares of the sir Sir Property Please suggest, I bought a property on 18/05/2014 at INR 32.00,000, but the stamp value directive for the same property is 3,600,000, so what is the tax impact for us..? In this case, where an appraiser asserts that the value thus assessed or assessed exceeds the fair value of the property and that the value thus assessed or valueable has not been challenged in the context of a complaint or review before a public authority or jurisdiction that the notator may refer to the appraiser. If the value found by the assessor: „Any sales contract (sales contract) that is not a registered promotion (sales characteristics) would fall short of sections 54 and 55 of the Transfer of Ownership Act and would not confer ownership or transfer any interest in real estate (except the limited right conferred by Section 53A of the Transfer of Property Act).“ 5 Agreement (a) if it is the sale of real estate (b)if it is an agreement that gives power to a project developer or developer, under any name, for the construction or sale or sale (somehow) of a property – (i) if the market value of the property does not exceed thirty lakh rupees; (ii) when the market value of real estate exceeds thirty lakh, but does not exceed sixty lakhs; (iii) when the market value of the building exceeds the rupees of sixty lakhs, but no more than one crore; (iv) where the market value of the buildings is greater than a crore but does not exceed one and a half crore; (v) if the market value of the building exceeds the rupees by one and a half times, the three rupees crore, but not; (vi) when the market value of the building exceeds three rupees; (There are other clauses as well) A purchase agreement is an agreement to sell a property in the future.