banner_ad

Difference value of plot purchase

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 August 2021 Sir,
It assess purchase of new plot on sale value and sale agreement same value rs:34 lacs.but market value rs:39 lacs.
Question:
Assess difference value rs:5 lacs amount show in it returns compulsory difference value show in purchase time or sales time applicable in it act.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
02 August 2021 Is market value is same as of government valuation.
Make the query more clear.
Profile Image

Kollipara Sundaraiah

Profile Image

Kollipara Sundaraiah (Querist)
02 August 2021 sir, purchase of new plot rs:34 lacs and market value rs:39 lacs difference rs:5 lacs value income tax applicable
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
03 August 2021 Difference 5 lacs income tax applicable in case of government valuation and not on market valuation.
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
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
28 April 2026
Senior Accounts Professional

Vivek S Gupta & Associates

New Delhi

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
ARTICLESHIP 27 April 2026
CA Articled Assistant

GM Corporate Solutions

Noida

CA Final

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details