Property market value less than circle rate.

Sir, i want to purchase a property cost 5 lakhs rupees while it's circle rate is 11 laks.
1. Will i have to pay income tax on difference amount i.e. on 11 lakhs-9 lakhs = 2 lakhs.
2. If yes, what is the rate of interest.I am already in 30% income tax slab.
3. Have you any better solution to evade the tax.
Thanks & Regards.
Asked 1 year ago in Property Tax from Patna, Bihar

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