I bought some property 2 months back – the fbr rate was about 10 million. However, the actual price was more. Now the sale agreement created states the actual price and not the fbr value. At the time the dealer told me it was ok and should not result in more taxes. But i am having my doubts now – can you please advise (i am a tax filer)
Taxes u pay on fbr value.
So, no need to worry
In assets, u wil show actual value
Regards
Ok - and how much white money do I need to show? The one listed on the sale agreement or the FBR amount?
The one listed on sale agreement…