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 ₹ :……………
A. 80 lakh
B. 110 lakh
C. 100 lakh
D. None of the above
Answer:C
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 ₹ :……………
A. 80 lakh B. 110 lakh C. 100 lakh D. None of the above