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House purchase less than jantri value

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(Querist)
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..
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Sanjeeve Narayanan R

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Sanjeeve Narayanan R (Expert)
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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