Budget 2018: Circle rate relief to boost realty sales

With real estate prices dropping in many cities, property is sometimes sold at prices lower than the government-fixed circle rates. To address the taxation problems that arise from this gap, the Budget has proposed tax relief for buyers and sellers by allowing property to be valued at up to 5% below circle rates for calculation of stamp duty and capital gains tax.

from Times of India http://ift.tt/2E5gmmX
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