Query regarding section 56(2)(7)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2016
i want to ask abt section 56(2)(7)in one of my case registrar assess value of proprty 90 lakh and registry value is 65 lakh ....how can i save the penalty in that case when A.O send me notice.to treat this amt as other source income as buyer of property
Rupesh Jain
(Expert)
02 June 2016
its will include in your income. no option
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