Capital gain market value /actual sale value
This query is : Resolved
07 December 2013
In capital gain working of sale of house property ,if i take actual sale value as a sale cosideration ( not market value ) even if M.V. is greater than actual price ,then what will be interest /and penalty ?
07 December 2013
Sec 50C is applicable and income tax dept shall invoke it and the full value of consideration shall be the value adopted by state stamp valuation authority for the purpose of payment of stamp duty.
09 December 2013
Income tax department has already issued notice to me for taking actual sale amount .Now i am ready to pay tax on differance amount(i.e.M.V and Actual amount)But should i pay tax along with 234A interest ?
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