{"id":5908,"date":"2018-03-26T12:25:42","date_gmt":"2018-03-26T06:55:42","guid":{"rendered":"https:\/\/www.hostbooks.com\/in\/?p=5908"},"modified":"2018-08-09T16:22:47","modified_gmt":"2018-08-09T10:52:47","slug":"rule-48k-value-of-immovable-property","status":"publish","type":"post","link":"https:\/\/www.hostbooks.com\/in\/hb\/all-rules\/rule-48k-value-of-immovable-property\/","title":{"rendered":"Rule – 48K, Value of immovable property"},"content":{"rendered":"
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48K<\/b> .<\/b> The value of any immovable property for the purposes of sub-section (1) of section 269UC shall be, where the agreement for transfer prescribed under the said sub-section\u2014<\/p>\n\n\n\n\n
(a<\/i>)<\/td>\n<\/td>\nis entered into, on or before the 31st day of July, 1995, the apparent consideration of that property exceeding 10 lakh rupees;<\/td>\n<\/tr>\n
(b<\/i>)<\/td>\n<\/td>\nis entered into, after 31st day of July, 1995, the apparent consideration of that property as specified in column (3) of the Table below :<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Sl. No.<\/i><\/td>\nArea within which the appropriate authorities shall perform their function<\/i><\/td>\nValue of any immovable property for the purposes of sub-section (1) of section 269UC<\/i><\/td>\n<\/tr>\n
(1)<\/i><\/td>\n(2)<\/i><\/td>\n(3)<\/i><\/td>\n<\/tr>\n
1.<\/td>\nThe area comprised in Greater Bombay as notified vide<\/i> SO 480(E), dated 7th August, 1986<\/td>\nThe apparent consideration of the property exceeding Rs. 75 lakhs.<\/td>\n<\/tr>\n
2.<\/td>\nThe area comprised in the Union territory of Delhi as notified vide<\/i> SO 480(E), dated 7th August, 1986<\/td>\nThe apparent consideration of the property exceeding Rs. 50 lakhs.<\/td>\n<\/tr>\n
3.<\/td>\nThe area comprised in Calcutta Metropolitan Area and Madras Metropolitan Planning Area as notified vide<\/i> SO 480(E), dated 7th August, 1986<\/td>\nThe apparent consideration of the property exceeding Rs. 25 lakhs.<\/td>\n<\/tr>\n
4.<\/td>\nThe areas comprised in Bangalore Metropolitan Region and the areas declared as Ahmedabad Urban Deve-lopment Area and the areas comprised in the city of Ahmedabad as notified vide<\/i> SO 835(E), dated 21st September, 1987<\/td>\nThe apparent consideration of the property exceeding Rs. 25 lakhs.<\/td>\n<\/tr>\n
5.<\/td>\nThe areas comprised in the city of Pune as notified vide<\/i> SO 339(E), dated 8th May, 1989<\/td>\nThe apparent consideration of the property exceeding Rs. 25 lakhs.<\/td>\n<\/tr>\n
6.<\/td>\nThe areas other than those mentioned at Sl. No. 5 above and notified vide<\/i> SO 339(E), dated 8th May, 1989; SO 53(E), dated 19th January, 1990 and SO 180(E), dated 14th March, 1991<\/td>\nThe apparent consideration of the property exceeding Rs. 20 lakhs.]<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
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Reference: www.incometaxindia.gov.in<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

48K . The value of any immovable property for the purposes of sub-section (1) of [\u2026]<\/span><\/p>\n","protected":false},"author":68,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1439,1440],"tags":[],"yst_prominent_words":[8597,8590,8583,8578,8592,5639,8594,8576,8596,8582,8577,8591,8584,7218,8595,8586,8593,8589,8579,8585],"_links":{"self":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/5908"}],"collection":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/users\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/comments?post=5908"}],"version-history":[{"count":1,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/5908\/revisions"}],"predecessor-version":[{"id":6958,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/5908\/revisions\/6958"}],"wp:attachment":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media?parent=5908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/categories?post=5908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/tags?post=5908"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/yst_prominent_words?post=5908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}