Income tax

Arpit Pachisia (CA) (734 Points)

19 June 2014  

Respected sir,

 

One of my clients purchased a office in installment system for 15 lacs rupees. The first installment was paid on 01.01.2013 of Rs. 100000.00 and last installment on 31.5.2014. He paid total 15 lacs to the builder. By cheques in 15 installments.

Now, my client wants to execute sale deed of the office. Today the circle rate is 20 lacs.

Kindly let me know, whether he is required to execute sale deed on 20 lacks or 15 lacs.

The builder is asking to execute sale deed for Rs. 20 lacks.

 

Please let me know the situation!!!!!!!!!!

 

Arpit Pachisia

CA student