Double income taxation on sale, purchase of property: Will Budget 2023 provide relief?

https://img.etimg.com/photo/97472015.cmsUnder the current income tax laws, if the difference between circle rate and actual sale price of property exceeds by 10% of circle rate, then both buyer and seller calculate and pay tax on the basis of the circle rate. This combined additional tax burden is between 40 and 60%. This is an unfair condition where market prices may actually be lower as compared to the circle rate.

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