I am confused please guide on this matter:
If someone purchased plot in 2013 or 2014 and declared in I.T returns as per DC rates.. So how this new policy will impact? Or will it applicable on new buying/ selling and transfer? Or do we have to declare old declared properties on fair market value which declared on DC/fbr rates in previous returns? And incase if this rule applicable on old transactions how some one can avail amnesty scheme? From where white money will come? How some one can show same thing with different value in new returns?
Please share your kind views in order to clear my misunderstanding.
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