• 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 3 years ago in Property Tax from Delhi, Delhi

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