I have a flat whose market value is Rs.2.25 cr.....and I had bought it for 55 lacs. What can i do to save tax. and convert Black to white?
Aman parmar (aasffvsd) (59 Points)
05 May 2016I have a flat whose market value is Rs.2.25 cr.....and I had bought it for 55 lacs. What can i do to save tax. and convert Black to white?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161060 Points)
Replied 24 July 2016
What is the Circle rate value now? If the gain is long term you can get exemption u/s. 54, 54EC etc.. For rest Income disclosure scheme, 2016 is open.
CAclubindia
