Purchase a propery less than the guideline value-reg.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 January 2013
Assessee purchase a property below the guideline value prescribed by the State Government. But the Stamp duty is paid by the assessee as per guideline value.
whether the buyer has to pay tax for the difference amount.
whether the buyer has to pay tax for the difference amount.
01 January 2013
Buyer is having sufficient proof as regards the amount paid to the Vendor. It is the seller who is required to consider the State Govt Value for the purpose of calculation of his Capital Gains Income.
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