The purchaser needs to pay the following taxes:
- TDS or expense allowance at source on sum surpassing Rs 50 lakhs for the acquisition of property barring agrarian land.
- Stamp duty
- Service Tax – Applicable if the property is being bought from the developer who considered and built the venture prior to offering ownership to the purchaser. On the off chance that a ‘prepared to move in’ property is bought from the merchant, administration charge isn’t pertinent.
- Value Added Tax (VAT) – If relevant in the concerned state.