Double taxation on transfer of immovable property for inadequate consideration?


 Budget 2013-14 Any immovable property  received by an Individuals / HUFs ‘without consideration’, its stamp duty value is taxable in the hands of the buyer as income from other sources, barring few exceptions. It is now proposed that where any immovable property is received for a consideration which is less than its stamp duty value by Rupees … Continue reading Double taxation on transfer of immovable property for inadequate consideration?