Buying and selling property, the Income Tax department will inquire

Those using black money to buy property in the bad days are coming. If you purchased a home or property, the government is going to ask you that you have the money to come from? Only the buyer, not the seller will be consulted when he bought the house and where the money came from him?

According to income tax in India has been engaged in real estate, most black money. There are several easy ways to dispose the black money. People save on stamp duty, which explains the low property prices and give the cash. Many tax department to avoid the eyes of his close relatives, servants and drivers called Proptry buy. Experts believe that about 30 percent of expensive property transaction can be anonymous.
Anonymous after Notbandi property tax to clamp down on inquiries from both home sellers and buyers is set.

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