Is tax applicable only on gain
Querist : Anonymous
I had booked a underconstruction flat, the builder had told to pay X amount in black and Y amount in white (30% amount total) initially.
If i sell the property which is still underconstruction, what will be the tax applicable for me, moreover will tax be applicable if the buyer is paying me the principal amount (the original X and Y amount) in white.
Question is not for black and white, it is for getting my money back and any tax for that.
Querist : Anonymous
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