If any seller sell his plot in 30 lakh to buyer but in ratio of white money 20 lakh and black money 10 lakh. If black money traced by any investigating team then who will pay 100% penalty : seller or buyer ?
What impact on buyer in black money case?
Menu
Black money transaction in immovable property
Replies (1)
Buyer has to 100% penality.
Recent Topics :
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
Related Topics :
CAclubindia
