13 January 2014
I AM PURCHASING A PROPERTY WHOSE VALUATION ACCORDING TO STAMP DUTY IS Rs.100. IF THE TITLE DEED IS FOR Rs.80, THEN CONSIDERATION FOR CAPITAL GAINS WILL BE Rs.100.
NOW , QUERY IS IF THE TITLE DEED IS FOR Rs.80, THEN WHAT IS THE CONSEQUENCE FOR ME AS A PURCHASER.?
AS SELLER IS CHARGED CAPITAL GAINS CONSIDERING CONSIDERATION AS 100, CAN I TAKE MY COST OF ACQUISITION AS 100 EVEN THOUGH TITLE DEED IS FOR 100 ??
CAclubindia
