The 2 day national
conference of chartered accountants (CAs), held in Indore, focused on the
issues relating to real estate sector.
About 1,000 CAs from
all over India attended the event, organised by Indore branch of Central India
Regional Council (CIRC) of the Institute of Chartered Accountants of India
(ICAI).
Mr. Pradeep Kapasi
from Mumbai discussed the latest provisions under I -T Act, relating to
immovable property.
Mr. Pradeep
Kapasi said, “If there is a difference between guideline
value & transaction value of an
immovable property, then seller &
buyer, both will have to pay tax on the difference amount. I feel it is
disadvantageous for the people"
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