50% of share of a commercial rented property is sold and a sale agreement is made. However the same is not registered and no stamp duty is paid on the same. Due consideration between parties has been paid. In this case rent received by purchasing party will be subject to tax ? Will he be considered as joint owner of unregistered sale agreement?
08 October 2023
In view of sale agreement made and amount paid rent received by purchasing party will be subject to tax . He will be considered as joint owner of unregistered sale agreement.
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