Rajeshmohan (PROPRIETOR) 21 July 2017
Rajeshmohan (PROPRIETOR) 21 July 2017
Sir,
I am acquiring a property from a Company registered with ROC. The guideline value is 15 crores. By paying full consideration of 15 crores i am proposed to go register an Agreement of Sale cum GPA with full consideration by taking possession and original title deeds. So that I can pay only 4% and 1% instead of 7% and deduct 1% TDS from the sale consideration and pay to the Income Tax Department, because I wish to sell this property for higher pricie and pay 30% income tax from my profits. Can I proceed with GPA with cosideration since the property coming from a Company. Is there any issues will come and is it legal to go or will it come under stamp duty evasion etc.
Fiona Lowery 17 November 2017
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