sra flat sale deed

premila (Querist) 22 November 2015 This query is : Resolved
We have an sra flat which we are selling off.
the buyers are demanding full cheque sale deed (white money) ...is it okay to sell sra flat in total white amount , will we face any problem later ..

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premila (Querist) 22 November 2015
The buyers are paying the full amount through cheque. ..In future we will be face a problem ?

Advocate/CS Sanjeev Kataria (Expert) 23 November 2015
i guess you are worried about the profit gained over the sale of the flat. Your case would be under Long Term Capital Gain. You can open a long term capital account or re-invest the amount received in purchase of another property to avoid any tax issue

Anupam Lahiri (Expert) 24 November 2015
What types of problems you are anticipating?

K.S.Srinivas (Expert) 24 November 2015
Consult the Tax Consultant.

Rajendra K Goyal (Expert) 26 November 2015
You have to pay long term capital gains tax. Consult local tax consultant.

T. Kalaiselvan, Advocate (Expert) 30 November 2015
You have repeated the same question in a different thread too, you may visit that thread for more answers.

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