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Old 01-01-2014, 10:51 PM
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tax related to difference in circle rate and actual purchase amount

Dear Sir,
I am buying a land and there is much difference in the circle rate and the actual value, so my question is" the difference of the value between circle rate and actual value "
1) WHETHER WE HAVE TO GIVE THE TAX ON THE DIFFERENCE AMOUNT
2) AND IF YES THEN FROM WHICH YEAR IT WAS CAME INTO FORCE.
ANUJ



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Old 01-02-2014, 03:32 AM
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Quote:
Originally Posted by anujagarwal View Post
Dear Sir,
I am buying a land and there is much difference in the circle rate and the actual value, so my question is" the difference of the value between circle rate and actual value "
1) WHETHER WE HAVE TO GIVE THE TAX ON THE DIFFERENCE AMOUNT
2) AND IF YES THEN FROM WHICH YEAR IT WAS CAME INTO FORCE.
ANUJ

This is US tax forum; I guess you need some professional taxation help from an Indian tax practitioner



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