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Income tax
we purchased a property in april 2019 rs 14 lacs and paid registry exp appox 120000 and stamp duty of property rs 1900000
Replies (3)
Difference between SDV and purchase price will be taxable under Income from other sources under 56(2) (x) for the purchaser.
Expenses of registry considered for calculating income from other sources
Expenses of registration gets added to your property value.
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