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>Section 230A Clarified: Certificate Not Needed for Flats Under Rs. 50,000 if Assessed Separately for Taxes.</h1> A clarification was issued regarding the necessity of a certificate under section 230A of the Income-tax Act, 1961 for registering conveyance of individual flats valued below Rs. 50,000 in a multistoried building. It was determined that the value of the entire property owned by a vendor should be considered, rather than the interest transferred. However, if the transferred interest is a separate identifiable unit, like a flat assessed separately for municipal taxes, only its value is relevant. This applies even if multiple flats are owned, provided they are separate identifiable units. Officers and state governments are advised to inform relevant parties.
TaxTMI 
TaxTMI 
