| Question And Answer | |
|---|---|
| Subject: | Sale of Agriculture land |
| Category: | Allied Law, Income-Tax |
| Querist: | Anand |
| Answered by: | Law Intern |
| Tags: | Agricultural land, undervaluation of property |
| Date: | March 22, 2026 |
I am planning to sell my self acquired agricultural land. The total Market value is 3.6 Cr. But the person who want to buy the land is ready to register for 50% of Market value remaining amount be is telling that, he will give the remaining 50% through cash. Is it acceptable? What is the impact of IT Dept of I accept remaining amount in cash?
Obviously it is not acceptable. Registering the sale deed at only 50% of the market value while receiving the balance in cash amounts to undervaluation of the property and circumvention of tax/stamp duty rules, which authorities actively crack down on.
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