Property/sale purchase
This query is : Resolved
14 November 2015
Hi,
I want to ask whether VAT is applicable on property/sale purchase?..
And if not then can you tell me regarding the taxability of above ie if VAT not applicable then what tax is applicable on property/ sale purchase?
It will be very helpful on your part if you can help me with the same..
CA R SEETHARAMAN
(Expert)
14 November 2015
No VAT applicable on property purchase or sale. Capital gain tax applicable on gain on sale of property.
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