srinivas (xxxxx) 06 September 2024
Sir we had bought a flat 500 sft in pune 25 years old in new sanghvi pune which we want to sell off now. We have agreed for Rs 18 LAcs but buyer wants to show Rs 20 lacs in the sale deed . .is this okay considering circle rate applicable now and what is the implication on us . What precautions we have to take as there is no agent involved . Awaiting your expert advice .thanks srinivas
T. Kalaiselvan, Advocate (Advocate) 06 September 2024
The stamp duty has to be paid for the sale cosideration amount shown in the sale deed.
The long term capital gains taxes are to be paid as per the sale consideration amount.
The seller has to show account for the aditional Rs. 2 lakhs which he has not received and pay taxes accordingly
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
