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Question ID : 42177

255279

What was the recourse under Income Tax Law that left to the Assessee, who is seller of the Land, when Stamp Duty Value is much higher than Actual Market Value of the Land ?

Posted by RYALI VAMSI KRISHNA on Nov 24, 2021

Filed Under DIRECT TAXES

Answer ID : 81382

Pay the tax on the difference as other income in the year of registration.

Posted by SURAJ KUMAR CHOUDHARY on Dec 07, 2021