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A NEWS PAPER REPORT: CLICK ON THE LINK
LARGE SCALE TAX EVASION DETECTED BY THE INCOME TAX DEPARTMENT AND THE DEPARTMENT OF STAMPS AND REGISTRATION IN KARNATAKA
SITES FORMED BY HOUSING CO OP SOCIETIES AND SOLD BY THEM.
CLICK ON THE LINK DOWN:
AN EXAMPLE:
BOUGHT A SITE FROM A HOUSING CO OP SOCIETY, MEASURING 1200SQUARE FEET(30X40 FEET) AT RS1000/- PER SQUARE FEET AND REGISTERED IT FOR RS500/- OR AT RS6,00,000/- AT GUIDANCE VALUE OR THE SR VALUE!!! PAID CASH OF RS500/- SQUARE FEET OR RS6,00,000/- IN CASH OR CHEQUE.
THE PENALTY WILL BE RS3,96,000/- ONLY.
Dear Sir,
Is the enquiry applicable to KHB and BDA sites also?
Thanks
It is applicable only to BDA Approved housing society/association/welfare association sites only. It is not applicable to KHB and BDA sites and layouts.
EP Team