Question ID :
40901
INCOME U/S 56(2)
A BUYER OF FLAT IS CHARGED FOR DIFF IN VALUE OF ACTUAL TRANSACTION PRICE OF BUILDING AND +/- 10% OF STAMP DUTY VALUE. MY QUERY IS IF THERE IS ANY WAY TO LOWER THE TAX BURDEN BY INVESTING IN ANY SCHEME, SO THAT WILL BE HELP FUL TO THE BUYER. BECAUSE THE SELLER IS COMPENSATED BY INVESTING THE DIFFERNETIAL AMOUNT IN 54EC, OR 54 . BUT CAN THE BUYER OF THE BUILDING IS ALSO ELGIBLE TO SAVE THE TAX BY INVESTING IN ANY BOND OR SCHEME
Posted by
pradeep kumar agrawal
on
Nov 27, 2020
Filed Under
DIRECT TAXES
Buyer if he is not claiming deduction under section 80 c he can save by investing in Public Provident Fund, investment is exempt and interest earned is also exempt from income tax
Posted by
Hari Beldona on
Aug 29, 2021