LIVE Online Course on NDPS by Riva Pocha and Adv. Taraq Sayed. Starting from 24th May. Register Now!!
LAW Courses

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Kuldeep Singh   03 October 2021

Can buy plot more than dlc rate ?

Plot size = 240 sq. mtr

Can i buy plot more than dlc rate. In my case, dlc rate of plot is Rs 4700 per sq. mtr and i am buying that plot from seller in Rs 8700 per sq. mtr. Everything is white not Black.

1. is there any mistake with this deal ?

2. any income tax notice from income tax department ?

Actually everyone is saying that if i buy plot too more than dlc rate then income tax department will send notice to me. they will ask where extra amount come from.  please tell is it true or false ?



 1 Replies

Dr J C Vashista (Lawyer)     04 October 2021

Probably "DLC" is referred as circle rate of the property, isn't it ?

In this case, there is no harm / inquiry by any one (including IT Dept) to get the property value more than circle rate.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Post a Suggestion for LCI Team
Post a Legal Query