Consideration on sale of property through agreement

Under capital Gains............ long term capital gains to be assessed after indexation of purchase price......

Sir, does it matter that property was not registered nor at the time of sale or purchase? Do we need to consider the FMV or the value as per the agreement only?

Practically, the purchase value will be accepted because of possesion of the shop in your hand for almost 30 years.

But the sell will not be complete without registration (because registration mandatory as per the transfer of property act). And hence the sell value will be considered as per circle rate, and not as per agreement value.

Sir, but there was no registry neither at the time of purchase nor at sale. As for treating sale, registry is necesary,  a view is there that do we consider it in income or not? Should we consider the circle rate (higher than the agreement) ourselves or discharge the liablity on agreement amount? Please guide.

Transfer of any property is not complete in eye of law unless it is registered with registrar with due stamp duty paid......

For taxation part it is transfer of capital assets.......... so the gain will be capital gain and not just revenue/ income.....

In all the cases....... IT department will take circle rate for gains calculation...... so, better discharge duty as per circle rate....