Tax on deemed income


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Querist : Anonymous

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Querist : Anonymous (Querist)
25 December 2013 i have purchased land, which is having government value more than the actual market value of that land.
so, is in this case the difference would be charged as deemed income or else ?

and, what are the remedies available for reducing tax liability ?

please reply
thank you

25 December 2013 on purchase there is no taxable income arises.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2013 no sir, the difference between govt value and purchase price, is charged as deemed income..

26 July 2025 https://docs.google.com/document/d/1KYLnfCPsVpCw9B749kdiJc7TSbJD-1wmlNvgbxq4EwA/edit?usp=sharing


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