TaxTMI Login
Just a moment...
By creating an account you can:
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 TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Property Purchase Timing Affects Tax: March 31, 2013, Safe; Post-April 1, 2013, Triggers Tax on Stamp Duty Difference.</h1> X purchased a property in Nagpur from A on March 31, 2013, for 28,00,000, while the stamp duty value was 45,00,000. If purchased on this date, nothing is taxable under 'Income from other sources' despite the lower purchase price. However, if the purchase occurred on April 1, 2013, amended provisions would apply, making the 17,00,000 difference between the purchase price and stamp duty value taxable for the assessment year 2014-15.
TaxTMI 
TaxTMI 