I had to buy a house property from my younger sister as she made it a condition to resolve another property issue. At the last minute before registration of the sale deed, she demanded the cheque payment substantially lower than govt rate. I tried to convince her but she did not listen. I completed the transaction and paid stamp duty for the deed as per govt rate.
What are the tax implications for me? Should I pay TDS on amount paid to her or in the government rate?
All this happened two days ago.
CAclubindia
