2 ms·
Shouldn't it deflate the cost? If the seller had to pay 10 lakhs extra in tax, he would sell it for 100 lakhs instead of 90.
by dmurray 8y ago
Shouldn't it deflate the cost? If the seller had to pay 10 lakhs extra in tax, he would sell it for 100 lakhs instead of 90.
- sseth 8y agoIts not about inflated cost. It removes your ability to get a higher loan amount, . And increases the risk in the transaction as the cash component is now not backed by any documentation. And finally, it increases any eventual capital gains you have to pay unless you again perpetuate the cycle by taking black money.