House purchase less than jantri value
This query is : Resolved
16 March 2016
HELLO,
I WANT TO PURCHASE OF HOUSE, IS THERE ANY TAX LIABILITY OF INCOME TAX TO PURCHASE HOUSE LESS THAN JANTRI VALUE OF HOUSE ?
IS THERE ANY LIABILITY OF INCOME TAX TO TO PURCHASER ?
THANKS IN ADVANCE..
I WANT TO PURCHASE OF HOUSE, IS THERE ANY TAX LIABILITY OF INCOME TAX TO PURCHASE HOUSE LESS THAN JANTRI VALUE OF HOUSE ?
IS THERE ANY LIABILITY OF INCOME TAX TO TO PURCHASER ?
THANKS IN ADVANCE..
17 March 2016
yes,Difference between jantri value and purchase price is taxable in hands of purchaser under the head income from other sources
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