Circle rate is the minimum value that state governments have set for the sale or transfer of a plot, built-up house, apartment or commercial property
These are located in prime locations in Delhi, Mumbai, Chennai, Bengaluru
This is the second extension for the taskforce under the CBDT member Akhilesh Ranjan
The provision to tax the gifted assets was originally formulated in 1960s under the assumption that wives and daughters-in-law would normally