Property purchase through cash
This query is : Resolved
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
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
18 January 2022
The difference in value of 40000 is less than 50000 no tax payable.
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