Taxation

yagnesh dave (Querist) 01 April 2015 This query is : Resolved
I HAVE PURCHASED FLAT FOR RS 35LAC AND PAID 5LAC BY CHEQUE AND REMAINING BALANCE AMT 30 LAC TO BE PAID BY CASH BEING FULL CONSIDERATION OF FLAT AT THE TIME OF REGISTRATION OF AGREEMENT AS PER MARKET VALUE ON 01/05/2015.

WHETHER THE PROPOSED AMENDMENT OF SECTION 271D & SECTION 271E WITH THE PROVISON OF SECTION 269SS AND 269T IS APPLICABLE TO ABOVE TRANSCATION

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Anirudh (Expert) 01 April 2015
Are you above law? If not, why do you ask such a question especially when no exception has been carved out in the said legal provision.

Dr J C Vashista (Expert) 02 April 2015
Obviously you will have to pay requisite tax.

Rajendra K Goyal (Expert) 02 April 2015
New provisions are applicable.

ajay sethi (Expert) 02 April 2015
agree with experts

yagnesh dave (Querist) 02 April 2015
sir i am not above law but my query is that the new provision is applicable from 1 jun 2015 so if i do registration before like in month of may 2015 so i can give cash or not for registration

Suhail A.Siddiqui (Expert) 02 April 2015
Till New Enactment, Present law will applicable.

malipeddi jaggarao (Expert) 02 April 2015
Answer is in your query itself.

T. Kalaiselvan, Advocate (Expert) 05 April 2015
The query is due to over anxiety. The author is advised not to be impatient while posting queries here and to read them before asking clarification.

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