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We are a Bangalore and Mangalore based Audit and Advisory Firm with global client base. The team consists of qualified and experienced professionals, providing services across the financial spectrum.
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A
Anuj Nepalia
I have finalized to sell my flat at 20.5 lacs, but buyer is asking to make Sale deed of 22lacs so that he can get more loan since he do not have required amount for down payment. Please suggest on which amount do i jave to pay tax if my my flat is sold?. Will it be on 20.5lacs or 22lacs?
Sale value will be considered as Rs 22 Lakh or Stamp Duty Value whichever is higher. In no case it will be Rs. 20.5 Lakh if deed value is Rs. 22 Lakh.
GNB & Associates 27 Jan 2020As legal documents show the sale value as 22l, we will have to consider it as consideration..even stamp value would be paid on such value. In case of any further help, please feel free to contact us.
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