hi,
can some one advise me on below question.\
i have one flat of 2685000 on agreement value, i want to sale the flat and one buyer is ready to buy but i have one question they are ready to buy with full agreement value( Agreement value+black amount). is there any befenit or loss on same.
Sq Ft. 895 * 3000=2685000 Agreement value----time of purchase( market Rate is 4050*895) remaining cash(895*1050)
Sq FT. 895*4500=4027500 Agreement value ----- Buyer ready to but in this amount. and rest on cash(895*200) ( market rate is 4700 per Sq Ft.)
Please advise do i need to finalize the deal or cancel.
please advise what amount or income tax i need to pay if finalize the deal and what amount of benefit i have if i sale my home with 1 year in terms of Stamp Duty.
