18 April 2015
A company building has been sold for Rs 1.75 crores and the value as per govt valuation is rs 3 crores now the seller while paying capital gain tax has to consider government value ie Rs 3 crores. Does the buyer has any implication as he has purchased the property at and undervalued rate of RS 1.75 crores the buyer is a pvt ltd co. kindly answer.
CAclubindia
