Khurram11® replied on Wednesday, July 13, 2016 04:14 AM
Well, everyone should declare the purchase or sale of property at actual value in order to have legally white money in tax records. That's what many people are doing even currently, including me, i.e. all property purchase and sales in tax returns are shown at actual buying and selling prices. If you are not doing that, then that's concealment of actual wealth which is technically a fraud. There is nothing positive from the new tax amendments and the new law hasn't 'enabled' that - it was always meant to be declared at the purchase and sales price. |