Gain from purchase
This query is : Resolved
sivashankar
(Querist)
06 January 2016
my query is when i purchase a land at Rs.500 but a market value of the land at the date of purchase is Rs.1000 i save Rs.500 is any tax applicable ?
Ankur Singhal
(Expert)
06 January 2016
Dear you only save stamp duty by following the sme.
If you have enough money then buy at the market rate as it will help you in future while calculating capital gain(in case you sale the property.)
If you have enough money then buy at the market rate as it will help you in future while calculating capital gain(in case you sale the property.)
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