Arre yaar, property below circle rate? Section 50C toh lagu ho sakta hai, they might still tax you on the circle rate value, not what you paid! And 56(2)(x) could hit the seller with tax on the difference as income. It's a tricky game.
Main life savings se ek chhoti shop lene ka socha tha for my son, but accountants ne bataya, even a "good deal" below rate can bring tax officers knocking. Saala, chai ki dukaan ke liye bhi itna complication?
Isiliye maine woh plan chhod diya – better my FD me safe rahe, than dancing with these sections.
#exams#study
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