Real estate rate differnce
Neil Gore (other) (33 Points)
11 November 2016Neil Gore (other) (33 Points)
11 November 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 11 November 2016
Department considers the rate as per ready reckoner rate and as per section 56(2)(vii)b; the difference is taxed as gift. (provided difference is more than 50K)