22 November 2011
dear i sold a property for rupees 1000 on 10-11-12 now buyer also purchase the e stamping from bank as per circle rate 950/-and also paid full payment to me in bank. now circle rate changed after two days but my concidration amount is 1000/- and he will pay duty on new circle rate 2000/- rupees. my purhase was900/- now at what amount i will pay income tax? 1000-900=100 or 2000-900=1100? any cause or refrence for this?
CAclubindia
