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Income tax clearance for sale of property

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(Querist)
02 March 2012 can anyone briefly explain about the income tax clearance in property sale. the limits, to be obtained by whom etc....
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
02 March 2012 Income tax clearance for selling property is not in statute now.
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anurag

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anurag (Expert)
02 March 2012 @Christy Not heard about this term...
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 March 2012 There was a section 230A in the income tax Act,1961 regarding IT clearance certificate for transfer of immovable properties which was omitted by the Finance Act,2001 w.e.f 1/6/2001.
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