The following is to be applied for Financial Year 2014 to 2015 with effective from July 1, 2014.
Buyer with NTN number has to pay 1% Advanced Income Tax and Non Tax Payer buyer has to pay 2% Advanced Income Tax on purchase of property worth 3 million and above.
Seller has to pay 0.5% Advanced Income Tax on sale of property worth 3 million or more.
New booking of plots has to charges Rs. 100 / sq yards. as sale Salex Tax. For constructed Housed or Plaza Rs. 50 / sq ft will be charged as Sales Tax.