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Taxability of immovable property

(Querist) 23 July 2016 This query is : Resolved 
Dear Sir,

If actual sale consideration received (of a flat) is Rs.20Lac and value as per Registry is Rs.25 Lac, which value will be considered for Capital Gain on sale of such property ?

Rgds
Yogesh
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R.K Nanda (Expert) 23 July 2016
Contact tax lawyer.
Kumar Doab (Expert) 23 July 2016
Your I tax lawyer can advise after examining all docs.
P. Venu (Expert) 24 July 2016
If actual value was Rs. 20 lakh, why registry was made for 25 lakh?
Rajendra K Goyal (Expert) 24 July 2016
The amount as per sale deed (registration document) would be considered.
Kumar Doab (Expert) 24 July 2016
Apparently the registry was as per prevailing circle rate.

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