Dear All,
Iam planning to purchase a site in Bangalore. The site is costing about 30 lacs.As Iam going for a loan with a bank, they said that they will give a DD in favour of the seller for about 27 lacs. Now the owner says that if the site is registered for the full value, then he will have to pay Capital Gains (LTCG).
What are the ways to avoid this tax as it sums to a huge amount. As I like the site, I would like to purchase the same.
Kindly help me with the ways out in this matter.
Regards,
KS Vishal
