banner_ad

Capital gain on NRI with less than circle rate purchase

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 March 2023 The assessed purchased a property for RS 7700000 in FY 22-23 at time and agreement was executed while circle rate was 8200000. Before the registry date circle rate was increased by govt to 9600000 The registry is still executed at 7700000 am FTDS deducted at 9600000 as circle rate was higher The assesses is in merchant navy Will the old agreement hold any value while assessing tax Or the difference be added to his incone also will his NRI status be in question as his incone in India will exceed 1500000 if difference is added to his incone

Read more at: https://www.caclubindia.com/experts/ask_query.asp
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
01 March 2023 If any payment was made at the time of execution of agreement (earlier date), in that case the circle value of that date can be considered as purchase value.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details