WE HAVE REPORTED ABOUT THE DATA COLLECTION BY THE INCOME TAX DEPARTMENT OF ALL THE TRANSACTIONS IN REAL ESTATE AND THE DEPT HAD BEEN MONITORING THE ACTIVITIES CLOSELY AND NOW IS POUNCING UPON THE TAX EVADERS.
THE DEPARTMENT IS TRYING TO CATCH THE BIG FISHES NOW, AND SOONER, MAJORITY OF THE TAX EVADERS WILL BE IN THE TAX NET.
IT IS STRONGLY ADVISED TO CONSULT A CHARTERED ACCOUNTANT REGARDING THE TAX IMPLICATION WITH RESPECT TO THE SALE AGREEMENT AND THE REGISTRATION OF ABSOLUTE SALE DEED.
THE DEPARTMENT IS TRYING TO CATCH THE BIG FISHES NOW, AND SOONER, MAJORITY OF THE TAX EVADERS WILL BE IN THE TAX NET.
IT IS STRONGLY ADVISED TO CONSULT A CHARTERED ACCOUNTANT REGARDING THE TAX IMPLICATION WITH RESPECT TO THE SALE AGREEMENT AND THE REGISTRATION OF ABSOLUTE SALE DEED.
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