is the construction agreement entered with builder for a construction cost registrable under the stampduty act and registration act.
what's the impact if construction agreement entered not registered under stamps act and the registration act which are entered about 10-15 years back when there was no provision or practice in the real estate industry.
where does mentioned under income tax act property sale means it should be properly registered including land value and construction value for first time registration.
when a property sold and invested into another property was there any objection raised for unregistered agreements of such property sold on LTCG STCG basis and no taxes are paid even though its declared in return claimed nil tax, but the catch is except land portion agreement non other values or construction cost as agreed with the construction contracts are agreement are registered under registration act about 10- 15 years back and the same property if sold now.
Property registration in the past and the present.
srsubramanian (retired person) (74 Points)
16 October 2021