I understand that recently Income Tax Department has issued a Notification on 1% TDS on property purchase. Is it applicable only when the seller is a non-builder, or even when the seller is a builder? Also, what is the notification number please?

Secondly, on property sale by builder, is there any service tax on the builder? If so, brief summary please.

Finally, in Goa, is there any VAT applicable on the builder when flat is being sold by them?
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  • 1% TDS applicable for everyone throughout India.

    Service tax is applicable on builder.

    VAT in goa>can't say.
  • Taxes on property - clarification please

    1. Re 1% TDS on property purchase, can somebody provide a link to the Income tax department notification please?

    2. Service tax on property sale by builder - can somebody elaborate what the rules are please? Does the builder charge / pay service tax when completed flat is sold to buyer, or is service tax on building industry applicable in a different situation?