Value of property in capital gain

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binu sukumaran (Querist)
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21 April 2026 Sit.
One of my friend has a property in cochin, she has plan sell property her distant relative 1.1 Cross to 1.25 Cross.
Currently market value is 1.5 Cross.
Let's me know, whether ,it make any problem to sell her distant family member to 1.1 Cross said property.
Please advise

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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21 April 2026 Selling the property at ₹1.1 Crore when the market value is ₹1.5 Crore will trigger Section 50C for the seller and Section 56(2)(x) for the buyer. The seller will be taxed as if they sold it for ₹1.5 Crore, and the buyer will be taxed on the ₹40 Lakhs difference as additional income. It is highly recommended to consult a Chartered Accountant to evaluate the property's actual valuation report before proceeding.

binu sukumaran

binu sukumaran (Querist)
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21 April 2026 Sir.
Thanks for valuable information.
With regards
Binu

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