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Section 50C special provision applies to transfer of:
AAll transfers
BPlant and machinery
CShares
DLand or building or both
Answer & Solution
Correct answer: D. Land or building or both
1. Section 50C is a deeming provision for capital gains on transfer of land/building/both.
2. If consideration less than stamp duty value, SDV deemed full value of consideration.
3. Safe harbour of 10% (110% of consideration) — within margin, actual consideration accepted.
_Source: ICAI BoS CA Final Paper 7, Ch 3 "Profits and Gains of Business or Profession"_
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