Radhey has sold his residential house on 11th September, 2022 for Rs.75 lakh. Value applied by the Stamp Valuation Authority on the date of registration of the Conveyance Deed on 15th Sept., 2022 was of Rs.115 lakh. Radhey disputed the valuation made by the Stamp Valuation Authority and asked the departmental valuation officer to determine the value of the house on the date of registration of deed. The departmental valuation officer determined the value of the house on the date of registration of the deed at rs.120 lakhs. Sale value of the house to be taken for calculation of capital gain in A.Y. 2023-24 as per section______shall be of __________.
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