implication on income tax on discount received from builder

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  1. hello3anurag

    hello3anurag New Member

    Hello sir,
    I bought a ready possession flat from builder we made a sale agreement based on circle rate (reckoning rate) and paid stamp duty on it but we shared the stamp duty with builder 30% of Stamp duty was paid by builder and 70% by us this was done by builder in order to give us some discount and is mentioned in our sale agreement, will this have any effect on my income
    Tax for next year .
     
  2. Karan Batra

    Karan Batra Well-Known Member

    No, it will not have any effect on income tax for next year.
     
  3. hello3anurag

    hello3anurag New Member

    Thank you sir
     
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