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Property purchase through cash

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(Querist)
17 January 2022 Sir
My friend had purchased a property with cash rs 1,90,000 in f.y. 2019-20, DLC value of the property rs 2,30,000.
In income tax act, what is tax implications of such transaction?
Please guide
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 January 2022 The difference in value of 40000 is less than 50000 no tax payable.

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