Tax laibiility
This query is : Resolved
CHETAN SOMAIYA
(Querist)
21 August 2012
If value as per stamp duty/registration authority of the property sold is more than the agreement value then who is liable to pay the tax on diffrence amount ?
whether buyer or seller
whether buyer or seller
Amol S Joglekar
(Expert)
21 August 2012
The capital gain arises to SELLER. Unless otherwise specifically agree upon by the buyer, seller is liable for his/her capital gain.
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