Related to Sale Deed

 Facts of the Case:

 

We have Property Jantri of Rs. 10 Lakhs. And We want to make sale deed of Rs. 8 Lakhs..

 

Question:

1)         Whether there is any conflicts of rules framed under Income Tax?

2)         Can we make Sale Deed of Rs. 8 Lakhs?

3)         Whether it is possible only in case of scruitiny??

4)         Infact the property documents are to be made for Rs. 40 lakhs whereas jantri value is Rs. 50 lakhs. so what are the chances for selection for scruitiny in income tax?

Please answer as early as Possible!!

 

 

Replies (2)

Mr. Agarwal Gaurav

In the circumstacnes as explained in your question the provisions of section 50C of Income-tax Act, 1961 will come into operation. 

Best Wishes

Sathikonda

Thank you so much!!:)

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details