CA Rahul Dwivedi 21 May 2022
CA Puja Sharma 21 May 2022
Firstly, Legally it is not right to have registration on lower value.
Secondly, Your question looks conflicting, as you mentioned that the sale agreement is executed for Rs. 1 cr & the Registration is done as per guideline value of Rs. 40L. If Registration value is rs. 40 L then sale agreement should of Rs. 40L only. For different understanding You can have MOU.
For Further consultation you can approach us on firstname.lastname@example.org or 900448537
You have mentioned that the sale agreement is Rs. 1 Cr, and you will be paying the remaining 60 Lacs by cheque. Then, based on which document, you will be able to complete the registry at the value of Rs. 40 Lacs.
CA Roomi Gupta 21 May 2022
The transaction has to be reviewed professionally before execution. You can book my consultation at email@example.com for a detailed discussion
If any immovable property is sold below the stamp duty value (or circle rate) then such case will fall under Section 50C, Section 43CA, Section 56(2)(x) and double taxation shall apply on the difference in the stamp duty value and transfer price.
CA Deepika Boyina 23 May 2022
For professional help connect us @ www.tarunguptaca.com or call at 9216216819
No not possible registration fee to be paid on higher of stamp duty value or consideration received which ever is higher