Property value
This query is : Open
srinivas K.N
(Querist)
07 January 2013
i have purchased one property having registration value of 1500000/- but i have paid to the seller 22500000/.Now the Income tax department is only considering the registred value for purpose of capital gain computation. What shall i do now. can any one help me in this regard. Thanks in advance.please treat this as urgent and help me.
K Srinivas, CMA CS
(Expert)
08 January 2013
If you have any valid proof for paying the seller Rs.22.5 lacs, you can request the IT Officer to reconsider the facts.
If you have any valid proof for paying the seller Rs.22.5 lacs, you can request the IT Officer to reconsider the facts.
CA Rashmi Gandhi
(Expert)
23 September 2017
Many peoples are filling wrong details in turnover & there is no option for correction in it.So we cant do anything..
CA Rashmi Gandhi
(Expert)
23 September 2017
Wait if any further clarifocation issued by GST dwptt
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
