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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.

Advance Income Tax on Purchase of Property

Advanced Income Tax on Property Purchase
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Advanced Income Tax on Property Purchase
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