Buying or selling property? Sub-registrars to inform income tax department | Bengaluru News
[ad_1] Bengaluru: To prevent evasion of tax, the stamps and registration department has issued a circular mandating all sub-registrars across the state to collect the specified financial transaction (SSFT) statement from parties involved in property transactions exceeding Rs 30 lakh during document registration.Submitting SSFT to the income tax department is obligatory under section 285BA(1) of…
