Difference value of plot purchase
This query is : Resolved
Quick Summary
Kollipara Sundaraiah
(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.
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.
CA R SEETHARAMAN
(Expert)
02 August 2021
Is market value is same as of government valuation.
Make the query more clear.
Make the query more clear.
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
CA R SEETHARAMAN
(Expert)
03 August 2021
Difference 5 lacs income tax applicable in case of government valuation and not on market valuation.
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