Dear frds/ experts,
In practical actual land purchase or sale value is not given in guideline value mentioned in the land sale or purchase deed... but original purchase or sale money transactions taken place in bank transactions. In this case, how to account the excess value of guideline value paid or received, in ITR?
There is separate column for guidance value of any sold value in ITR 2 & 3.
The utility calculates the CG from higher value of the actual sell value or guidance value.
CAclubindia
