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Sale deed of Property

Dinesh Goyal (11 Points)

01 November 2019

Does seller of property need Sale deed of house for income tax purposes.?

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7 Replies

Kapadia Pravin (17259 Points)
Replied 01 November 2019

Yes very much. Seller always keeps one copy.

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Surjeet Negi (947 Points)
Replied 01 November 2019

Yes it is required to substantiate the sale of property and other claims.

sabyasachi mukherjee (27312 Points)
Replied 01 November 2019

Seller of property needs the following
1. sale deed
2. substantiate the sale.
surjeet I do accept your answer.

rama krishnan (12234 Points)
Replied 02 November 2019

Yes of course, to substantiate the computation of capital gains, if any

subhagan sreerangam (7040 Points)
Replied 03 November 2019

Seller of property must keep the document Sale deed and Substantiate the sali.

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sabyasachi mukherjee (27312 Points)
Replied 07 November 2019

@ Rama
first raises the capital gains..
then tax computation of capital gains.

krithi sekar (10 Points)
Replied 29 June 2022

A sale deed is a legal document. This document showcases the transfer of title, rights, and ownership of a property from a seller to the buyer. This document contains all the information about the transfer of ownership. In order to prove ownership of the property, legal proof must be provided. This is what a sale deed is in its most basic form.