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Sale agreement vs sale deed

Tax queries 285 views 3 replies
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1 Points Posted on 17 November 2020

Hi I have a question I am purchasing a flat where the sale agreement value is 5200000 and the government valuation of the property has come as 3960000 is it okay to register the property at a lower value or will there be issues . All transaction is via cheque or neft and loan 

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On 17 November 2020 at 22:49 Report
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512 Points Posted on 18 November 2020
No need to register at lower value
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On 18 November 2020 at 00:08
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Tax consultant
5895 Points Posted on 18 November 2020
Don't not registered at lower level or you might face a problem in future as itis considered that to save capital gain tax you purchase undervalued property and hence the difference in cash value
57 Reply
On 18 November 2020 at 01:26
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Student
23688 Points Posted on 18 November 2020
Yes you should not register the Flat at lower Value
97 Reply
On 18 November 2020 at 23:52


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