GPA FOR PURCHASE OF PLOT
This query is : Resolved
Quick Summary
03 August 2020
Dear Sir
Kindly advise is it legal for purchase of Plot FROM GPA issued to Third Party other than Blood relation and is there any taxes is to be payable
Kindly advise
Kindly advise is it legal for purchase of Plot FROM GPA issued to Third Party other than Blood relation and is there any taxes is to be payable
Kindly advise
CA R SEETHARAMAN
(Expert)
03 August 2020
Yes, it's legal to purchase plot from GPA holder other than relative. No tax payable if stamp duty value and value as per sale deed.
03 August 2020
Sir can you please advise, I am planning to Purchase Plot on agreement value and stamp duty also paying on this.
CA R SEETHARAMAN
(Expert)
03 August 2020
In such a case no tax payable.
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