I am buying a property in Bangalore and cost of property agreed between seller and me is 7000000, but as I need loan of 62 lakh from LIC so I added agreement value as 7281250 to get 80% of value.
Seller has signed the agreement and I paid 72813 Rs as TDS as per government rule of 1% if property is more than 50 lakh.
now when we are planning to go for registration , seller is asking for complete long term capital gain to be born by me(around 14 lakh) as he wanted registration value as 2743500 only.
I am stuck now and need help , what need to be done.
Legally i should not be worried about capital gain of seller
