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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- FEMA regulation Act. for inward remitance
- Difff in ais receipts and gst turnover
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
