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Income Tax - Highlights / Catch Notes

Home Highlights May 2012 Year 2012 This

Unexplained income - Difference in amount between sale agreement ...


Discrepancies Between Sale Agreement and Deed May Reveal Unexplained Income in Tax Assessments.

May 19, 2012

Case Laws     Income Tax     AT

Unexplained income - Difference in amount between sale agreement and sale deed - It is not necessary that the price stated in the agreement will be the price shown in the sale deed. Sometimes, it my be higher and sometimes it may be lower. Sometimes, intentionally a lesser value may be shown in the sale deed.

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