Dear Experts,
If an individual purchase a property and he has only PAN, what taxes should pay on purchase of property other than TDS. should he pay GST also. Plz reply ASAP.
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 03 February 2018
For purchase of any immovable property, only stamp duty and registration charges are levied.
No TDS on purchaser. No GST (unless for under construction property)
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 03 February 2018
Aren't the provisions of 194IA (TDS) applicable in case consideration >=Rs.50 lacs?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 03 February 2018
Only liability to deduct TDS, but not as additional charge.......
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