If so, then you must show it as income from other sources and if you sell this accommodation, you will claim 42 Lakh as your cost. If the seller does not sell or return the property to the buyer, the buyer is entitled to a special benefit in accordance with the provisions of the Specific Relief Act of 1963. A similar right is available to the seller as part of the agreement to require a certain benefit from the buyer. That`s what I said, full of value of the consideration, we take 55 lakhs because they already add the amount they can not do twice Gst is on the value of the purchase contract, which is 15.6 lakh, so you just have to make sure that the value of the sale/sale contract of the property is equal to or greater than the stamp value of the property. A purchase agreement is an agreement to sell a property in the future. This agreement sets out the conditions under which the property in question is transferred. The Transfer of Property Act of 1882, which governs the sale and transfer of real estate, defines the sales contract or sale agreement as follows: Section 43CA – 50C of the Act provides that the consideration accepted or assessed for the purposes of Section 48 is considered the total value of the consideration if the consideration against the transfer of an asset by an appraiser, a building or a building, or both, is less than the value accepted or assessed by an authority for the payment of the stamp duty for that transfer. In other words, the total consideration under Section 48 must be replaced by the consideration for which the value of the property was accepted for the purpose of paying stamp duty. But rs. 80 Lakhs to declare as a sale price, would certainly get a notification to the buyer for stamp duty on the difference, as bypassed by the buyer. No no.
The property must be registered with stamp duty or actual sale, according to the highest value. If in the sale the amount of deed is written only 15 lakh then GST on the same is payable the rest of the money taken by the owner must be in the case and not legal. Thus, payING GST on the Sale Deed Value.further GST is always on the non-payable sale market value. You mentioned that you recorded a sales value of 53L in the sales contract. So you have this agreement as evidence. However, you can only use it if you receive the full 53L by check/NEFT/RTGS.