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

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