Section 43ca



I have purchased a property for Rs. 30.00 lakhs in April 2012. The municipal value at that time was Rs. 51.00 lakhs. Now I am selling the property at Rs. 35.00 lakhs in October 2013, the municipal value now is Rs. 60.00 lakhs.
 
There are two options with me:
 
a. Registration is done at Rs. 35.00 lakhs and I get the money.
b. Registration is done at Rs. 60.00 lakhs and I have to return Rs. 25.00 lakhs in cash to the party.
 
I request you to please suggest which will be the best option for me in terms of taxation.
 
 
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