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Tax on property purchase more than 50lac

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(Querist)
17 June 2022 Can someone suggest the taxes and process when person buys property more than 50 lacs
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 June 2022 No taxes payable on buying the property.
Ensure you have source of income for buying the property and regularly filing income tax return if you have taxable income.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
09 July 2022 Here, you need to deduct 1% TDS on the sale consideration from the payment made to seller.
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