let suppose a person sold rural agricultural land for rs 50lac and its transfer to friend ac as loan .
is there default the provision?
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fund transfer into friend ac
Replies (11)
Whether the sell receipt were in cash?
Whether the loan amount was transferred by any banking mode?
dear sir ,
loan amount transfer in banking mode
loan amount transfer in banking mode
What about land sale receipts?
rural agricultural land
Whether the sell receipts of the land were in cash mode or by banking mode?
cash mode
In which year it was sold? Agreement registered?
dear sir same year both provision has been made
2017_18
AY 2017-18? OR FY 2017-18?
No problem if the agreement amount(Sale Vale of land) and transferred amount through proper banking channel to his friends are same.
problem is when agreement amount is less and transferred amounts is more than Agreement amount (practice usually follow to avoid to pay stamp duty Vale of government)
problem is when agreement amount is less and transferred amounts is more than Agreement amount (practice usually follow to avoid to pay stamp duty Vale of government)
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