Whenever a property is bought the Registering authority shd ask for IT payment/return for last 3 or 5 years.If the IT paid is not enough then the matter shd be recorded and steps taken to inquire into tax evasion.
The IT return shd be revised to include : Income minus expenditure minus savings = net taxable income.The savings must be built up over a period of time and this must be verified at the point of registration.
The registering authority must also be held responsible for reporting low value transactions in real estate/gold or valuables.Apart from this RA assets must be checked annually.
The Govt must fix min rates in each area and transactions below this must be taken over by Govt by paying 5% more.
Black money must be checked and local citizens must be given incentives to report recent sales,repairs to flats,costly gadgets purchased,etc.
