Asset puchased less than market value
This query is : Resolved
06 February 2015
Sir/ madam, i have purchased a property for Rs. 55,00,000/- for which market value is Rs.68,84,000/- whether the difference amount is taxable or not.
U/s 56. for A.Y. 2012-13
U/s 56. for A.Y. 2012-13
06 February 2015
yes sec 56(2) shall be applicable in this case.
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