2006-08-31 20:12:25 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ India
It is difficult to sell the property for fully white amount. Why because, for example, if the actual market property value is 10 lakhs, the value of the same property will be around 3 to 4 lakhs with the registration department. The Income Tax department also will accept the Govt. registration value as official value without any question. Normally the buyer will accept to pay the registration value in white and the rest he will offer you in black. For two reasons people did not accept to buy in full white. (1) Lack of white money, (2) More registration fee.(nearly 10%). In some cases, if the seller accepts to pay the difference registration fee, the buyer may accept for full white amount.
At the same time the seller also will not accept to sell his property for full white amount as he has to pay more capital gains.
To avoid this kind of deals, the state governments should decrease the registration fee to 2% to 3%.
Note: In India, the buyer has to bear the registration expenses.
2006-09-01 02:36:43 · answer #1 · answered by Anonymous · 5⤊ 0⤋
yes you can sell Property In India In White but for you need to take penance because its very difficult to find full-white buyer in real estate market due to taxes & more issue.
Hope this is Help, GOOD LUCK !
2016-02-29 20:29:15 · answer #2 · answered by Som 1 · 0⤊ 0⤋
I saw a amazing website where you can get brockage free properties means u can save a lot money by using this website. Freedalal. com is provide you facility of brockage free property in all over india.realy its a amazing website. Its a fastest property showing website.
2014-01-07 21:37:06 · answer #3 · answered by sonia 1 · 0⤊ 0⤋