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Question ID : 40382

Income Tax

Dear sir, One of our client is selling a plot of land and to avoid tax he is telling me that he will gift the property to the purchaser and the purchaser has agreed to pay tax on it under sec 56. However there will be exchage of consideration in the form of Cash. Will there be any liablity on the Seller. Under Income Tax Act

Posted by VIPIN GUPTA on Sep 07, 2019

Filed Under DIRECT TAXES