Welcome to Monday Corner, an initiative from Tax Publishers…

Quiz for the week (31 Mar 2025) :

Diwaker acquired an apartment for Rs. 160 lakhs from XY Builders P Ltd and the document was executed and registered in December, 2024 and the stamp duty value at the time of registration of the document was Rs.200 lakhs. Both the parties had agreed for the said transaction in April, 2023 when the stamp duty value of the property was Rs. 170 lakhs. Advance payment of Rs.25 through online banking was made in April,2023. Though an agreement was entered in to in writing, it was not registered. Discuss the implication of the transaction in the hands of both the parties.

Kindly mail your answers on or before 7th April, 2025.

Email your reply at quiz.taxpub@gmail.com

Answers :