TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>CBDT Instruction 843: Ensure Fair Market Value Check Before Property Transfer to Settle Tax Arrears u/s 230A.</h1> Instruction No. 843 issued by the Central Board of Direct Taxes (CBDT) on June 13, 1975, addresses the application of Section 230A of the Income-tax Act, 1961. This provision aims to prevent the transfer of property without settling outstanding tax demands by the transferor. The instruction highlights concerns where the declared transfer value is significantly lower than the property's fair market value. In such cases, if tax arrears exceed the declared property value, the Income-tax Officer is advised to consult the Valuation Cell before granting a certificate under Section 230A.
TaxTMI 
TaxTMI 
