CA Hardik Bunha (self) (2121 Points)
28 January 2014property purchased in 2001 rs. 915000
property sold in 2007 rs 25,00,000/-
(as per sale deed rs. 25,00,000/- but actual sale for rs. 3,20,00,000/-)
case is in scrutiny,
A.O. told us paid tax on 3,20,00,000/- less indexed cost of rs. 915000/-
what is the remedy available to save tax?
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 28 January 2014
can you please give me details of Fair Market Value and stamp duty value as on date of sale ?
CA Hardik Bunha
(self)
(2121 Points)
Replied 28 January 2014
CA Hardik Bunha
(self)
(2121 Points)
Replied 30 January 2014
what is the remedy available for additional tax assessed by AO?
CAclubindia
