Market Value of Property is Lower than Government Rate

I am planning to buy a Resale Builder Flat of Rs. 5000000 but as per circle rate its value is Rs 6300000/, 13 L above market rate.

I want to know that do I need to fill Income tax for Rs. 13 L as per Sec 56 of IT.
Asked 1 year ago in Property Tax from Delhi, Delhi

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Chartered Accountants

Sample CA 1
CA, New Delhi
0 Answers
Not rated