New Delhi, Oct. 18 -- An Income Tax Department survey last week found discrepancies in records of near 25,000 properties worth around Rs.55,000 crore, including the alleged use of the same PAN number in multiple registrations over two years.

High-value property transactions in Gurugram's Badshahpur tehsil are now under the scanner by the I-T Department, Chandigarh, which has constituted a seven-member team to probe records, PTI reported citing an official.

Amid this, we asked experts how many properties can be registered on a single PAN and at what threshold must property transactions be reported to the I-T dept. Here's what they suggested.

According to Amit Ganatra, Executive Director at Khaitan & Co, there is no specific numerical li...