Deed value
This query is : Resolved
26 August 2015
Dear Sir
Legal Value of land is 420000.00 and
Actual Value paid by purchaser is 160000.00
Which value will take in computation???
Legal Value of land is 420000.00 and
Actual Value paid by purchaser is 160000.00
Which value will take in computation???
26 August 2015
For Income Tax...sec 50C comes into play for land or building or both.
The Circle value or Ready recknor value (I think you are calling it as legal value) or actual value which ever is higher shall be taken for computation
The Circle value or Ready recknor value (I think you are calling it as legal value) or actual value which ever is higher shall be taken for computation
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