Property value

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(Querist)
07 January 2013 i have purchased one property having registration value of 1500000/- but i have paid to the seller 22500000/.Now the Income tax department is only considering the registred value for purpose of capital gain computation. What shall i do now. can any one help me in this regard. Thanks in advance.please treat this as urgent and help me.


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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
08 January 2013
If you have any valid proof for paying the seller Rs.22.5 lacs, you can request the IT Officer to reconsider the facts.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
23 September 2017 Many peoples are filling wrong details in turnover & there is no option for correction in it.So we cant do anything..
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
23 September 2017 Wait if any further clarifocation issued by GST dwptt

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