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Property purchase through cash

This query is : Resolved 

17 January 2022 Sir
My friend had purchased a property with cash rs 1,90,000 in f.y. 2019-20, DLC value of the property rs 2,30,000.
In income tax act, what is tax implications of such transaction?
Please guide

18 January 2022 The difference in value of 40000 is less than 50000 no tax payable.



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