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I intend to purchase one flat for Rs.20.00lakh from my own savings whether I.Tax clearance is required at registry time.

Replies (2)
1
Income Tax clearance Certificate in prescribed proforma 34A, under section 230 of Income Tax Act, from concerned Income Tax Officer where the transaction exceeds Rs.5,00,000 is must required document when buying property.
Subhajit Rao


2
Income tax clearance certificate under Section 230A of Income Tax Act, 1961 is now not required from 01-06-2001 even for documents accepted for registration before 01-06-2001 as requirement for such certificate was on the day of registration receipt itself but due to ignorance and a document was considered to be registered on the day it is Indexed and if it is not indexed until now no Income Tax Clearance certificate is required even for old cases.
Sajal Das


3

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