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How to read section numbers: s.80C→s.123 means Section 80C of the Income-tax Act, 1961 is now Section 123 of the Income-tax Act, 2025 (in force from 1 April 2026). Returns for FY 2025-26 still use the old numbers; Tax Year 2026-27 onwards uses the new ones. Section Finder
How it works
- Sale price below stamp-duty value by more than 10% → stamp-duty value is the deemed sale consideration
- If the agreement was signed earlier and part payment made by banking mode on or before it, the stamp-duty value on the agreement date can be used
- You can dispute the valuation and ask for reference to a Valuation Officer
- The buyer may be taxed on the difference under section 56(2)(x) (section 92 of the 2025 Act)
In Haryana
Collector rates are revised district-wise. Check the rate applicable on the registration date, and keep a valuer's report if the market price is genuinely lower — for example, for a plot with a dispute or poor access.
Worked example
Example
Example: Plot sold for ₹50 lakh; collector-rate value ₹60 lakh. The difference (20%) exceeds 10%, so ₹60 lakh is taken as the sale price for capital gains.
Common mistakes
- Ignoring the 10% tolerance
- Not keeping proof of an earlier agreement and banking-mode advance
Frequently asked questions
For a builder the property is stock-in-trade; a similar rule (section 43CA of the 1961 Act) applies instead.
Last reviewed on 11 November 2026 by Vinay Jaglan, VJ & Associates. Law and portal screens change — verify before acting, or ask the office.
