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> Wouldn't that just mean more property tax? Well its India, in some transactions, lets say the final price is 1 million, the buyer and seller will agree to sh
by sumedh 9y ago
> Wouldn't that just mean more property tax?
Well its India, in some transactions, lets say the final price is 1 million, the buyer and seller will agree to show the price as 800,000 legally (so you pay the tax on that amount) while 200,000 is paid in cash.
- Buge 9y agoThat's the opposite of what puranjay said. Your scenario is claiming to have paid lower than the real payment (to save on taxes, which is logical). Puranjay said that people claim the value is more than the real value.