Property sell regarding


This query is : Resolved 

Quick Summary
When selling your flat to a buyer seeking a home loan, you'll need to provide property papers. It's generally advisable to give photocopies. Regarding payment, if the property value exceeds £50 lakhs, the buyer must deduct TDS, which you can later claim. For ready-to-move flats, GST is not applicable once an occupation certificate has been issued.

11 June 2024 I am going to sell my flat to buyer. Buyer want to take home loan. Buyer is aksing for property papers. I need certain clarifications:-
1. Should i give him property papers zerox copies or not?

Please help me

Viksa garg

11 June 2024 Give zerox copies

11 June 2024 Thanks Sir for reply,
Also the buyer will pay the sell amount after deducting tds??

11 June 2024 Yes, TDS need to be deducted if the value of the property is Rs. 50 lakhs or more which you can claim in relevant ITR.

11 June 2024 Thanks Sir for reply. Is GST applicable on ready to move flat?

11 June 2024 No GST once occupation certificate being obtained.

31 August 2024 Good luck.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
08 August 2026
International Corporate Tax Advisory

Shulke

Bengaluru

CA

View Details