SALE PROCEEDS RECIEVED FROM A PROPERTY IS LESS THAN THE GUIDELINE VALUE FIXED BY THE CORPORATION. THE DIFFERENCE VALUE BETWEEN THE ACTUAL RECEIPTS AND GUIDELINE VALUE TO BE ADDED IN THE PROPERTY VALUE AND CAPITAL GAIN TAX TO BE CALCULATED IF ARISE.PLEASE GUIDE.. THANK YOU
Income tax query
Replies (1)
Hi,
Capitla gains has to be paid only on actual numbers. The Govt valu was adopted only for paying stamp duty.
Thanks,
Suri
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