Cash transection
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2017
i purchesed a residental house in rs 10 lakh
cercle rate cost rs 25 lakh
seller were 3 person
i gave advance 2 lakh in diffrent dates to them. and rs 8 lakh by cheque in finaly on registry.
any it rule voileted? what is my tax libelty and penalty?
cercle rate cost rs 25 lakh
seller were 3 person
i gave advance 2 lakh in diffrent dates to them. and rs 8 lakh by cheque in finaly on registry.
any it rule voileted? what is my tax libelty and penalty?
Amol S Joglekar
(Expert)
07 August 2017
You are a purchaser. No any violation from your side.
The seller has to work out his/her capital gain on circle value
The seller has to work out his/her capital gain on circle value
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