Total amount paid to developer (for land development & house construction) Rs. 85 lakhs, construction completed in 2010. Divided share of the LAND (only) registered with Sub Registrar Office for value Rs.9 lakhs in 2010. If I sell the property for Rs. 125 lakhs. My question is Q1. can I make 2 Agreement documents (i) Agreement for registration with Sub Registrar Office at guidance value lower than actual selling price Rs. 40 lakhs (ii) Actual selling price Agreement for IT purpose. Q2. What will be the Capital Gain. Q3. Where can I invest (other than Residential property) the amount to minimise tax?
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