Hi,
I have my own flat and planning to sell the same. I have got one customer but she has discussed some points with me and i m bit confused. I am selling my flat for 23 Lacs. She is find with same but she says that she needs agreement copy for 25 lacs as they are in financial crisis and bank provides only 80% loan hence they can recover approx 23 lacs amount as loan and pay to me. I asked them that if i gave them flat for 23 and agreement for 25 then i have to pay tax on 2 lacs. In such case they are ready to pay the tax amount too. Please any one can me in advising on the same. As i am really confused for what to be done.
Thanks in advance
