Sales consideration of property

The seller will have to pay tax on Capital gains
(if long term)
20% (Sales consideration- transfer exp - index cost of acquisition - index cost of improvement)

(if short term)
no indexation is allowed and tax @ slab rate.


for buyer : gain will be taxable under 56(2)(x) as other income @ slab rates

only if difference between price and Sdv exceed 50000
AND
sdv is > 105% of consideration