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Real Estate

Taxes on property purchase and how to save on them

Updated : December 24, 2018 03:51 PM IST

To begin with, the taxation on property purchase has become much simpler than it was before. With the roll-out of GST, all taxes previously applicable on real estate purchase (VAT, Service Tax etc.) have been subsumed under this single unified tax system.
The overall costs involved in buying a property are broadly divided into two components – the first being the one paid to the builder/seller and other - the statutory and legal costs – to the government.
Taxes on property purchase and how to save on them
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