Purchase property how much tax

dear sir
one of my Clint purchase one land. cost 50 lakhs now he pay all the money threw bank account and that money he arranged some unsecured loans from people
any income tax notice will be receiving in future
Replies (2)
Quick Summary
Purchasing land for 50 lakhs using funds from bank accounts and unsecured loans may raise questions about income tax. However, simply using borrowed money to buy property typically does not trigger an income tax notice. It's important to ensure all transactions are properly documented and declared.

Buying a property using borrowed money alone cannot lead to issue of notice by income tax dept.

Thank you madam

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details