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Section 50C

This query is : Open 
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13 December 2016 can parties to sale of immovable property, get registry done on value less than circle rate?
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VIPIN GUPTA

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VIPIN GUPTA (Expert)
13 December 2016 Sir there is no restriction on having your registry done at lower than circle rate the registrar will charge extra stamp duty and will register it. But from income tax point of view the Circle rate will be taken as sale price even if registry at lower rate.
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Harshita

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Harshita (Querist)
14 December 2016 thankyou so much..
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