legal advice

a seller of land can only register the plot at the govt rate mentioned with the registrar , while the market rate is higher ,so how does this affect or how does one pay the tax on the amount which is not mentioned in the sale deed more  

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The black money can be stopped making every financial transaction go through banks only by withdrawing the money of higher denomination Rs. 1000, Rs. 500 and Rs. 100 more  
One can always declare the actual amount received and pay tax. Govt does not accept a situation when lower tax is intended to be paid. more  
We are all the disciplines of Gandhian.Follow his path.Pay actual tax/fees for the national growth. more  
Mr. UDAY GB: Buyer has to register property at a price which he bought or circle rate whichever is higher. Seller has to pay tax on capital gains determined by taking into higher of sale price or Circle rate more  
Sorry to state BUT Tax is as per the Ready Reckoner approved by the Govt./Publication. more  
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