Capital Gains

Tax queries 162 views 2 replies
The assessee is an owner of a building where in first 2 floors are used for commercial business and 3rd floor is used as residence by the assessee. Now the assessee has sold the entire property for a consideration in the ratio of 80% for commercial and 20% for residential. The assessing officer has raised a query that the 20% consideration Received is less than the agreement stamp duty valuation. In totality the consideration Received is far more. What remedy can be suggested on this?
Replies (2)

Take the help of circle rate valuation of whole building.

Thank You Sir, will check circle rate valuation.


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