Dear expert,
To what extent difference between sale proceeds & valuation based on circle rate of property is acceptable under under which section of Income Tax India Act.
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CIRCLE VALUE & SALE PROCEEDS OF PROPERTY
Replies (3)
10% deviation
Thanks Pravinji. I have discussed with counsel he says that the said deviation has been extended to 20% till 31.03.2021 due to Covid-19, is this correct?
You are right. it was amended to 20%.
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