Long term capital gain

170 views 1 replies
I am planning to sell a property where market value is 10 times the govt value for registration. Nobody is coming forward to buy if I am insisting on getting complete amount through check. I am ready to pay 20% tax. Buyers are reluctant as either they don't want to pay 7% stamp duty or have inability to pay by check or both. Is there a way I can still disclose the income and honestly pay 20% tax and be clean from my side? I don't want to be harassed by AO treating it as income from other source and taxing at 30% or add penalities with some weird acts.
Replies (1)
That's really weird. People who are otherwise against black transaction, in your case not ready for 100% white transaction. Be patient, you will definitely find somebody who is ready to pay 100% by cheque.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details