Income tax
This query is : Resolved
YAGNESH HASMUKH DAVE
(Querist)
17 April 2016
I HAVE PURCHASED RESIDENTIAL FLAT FROM BUILDER ON 28/09/2013 FOR CONSIDERATION OF RS 38,00,000/- WHILE MARKET PRICE IS RS 80,00,000/- WHETHER I AM LIABLE TO DEDUCTION TDS@1% U/S 194IA PL CLERIFY
CA Mehta Ankur N.
(Expert)
17 April 2016
You need to consider Jantri(Valuation as per government rules) & not the market price.
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