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Query regarding section 56(2)(7)

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 June 2016 i want to ask abt section 56(2)(7)in one of my case registrar assess value of proprty 90 lakh and registry value is 65 lakh ....how can i save the penalty in that case when A.O send me notice.to treat this amt as other source income as buyer of property
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Rupesh Jain

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Rupesh Jain (Expert)
02 June 2016 its will include in your income. no option

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