Tax related to Lands/ Plots Lands and plots purchase are associated with esteem and pride and usually is done by the wealthier segments of the society. Hence, the exemptions and tax benefits available in the case of apartments and houses do not apply to lands. But in cases where you build a house on the [...]
GST in Real Estate Goods and Services Tax (GST) in Indian Real Estate- What is GST (Goods and Services Tax)? Real Estate (Regulation and Development) Act (RERA) on July 1, 2017, brought major reforms tax reforms in Indian real estate sector when they introduced Goods and Services Tax (GST) in Indian Real Estate. Goods [...]
Capital Gains Tax Capital Gain is any profit or gain on sale of any capital asset. The profit is accounted as income of the individual or company and is taxable by law. Capital Gain Tax are divided as – Short Term Capital Gain (STCG)- Capital Gain on any asset held for less than [...]
Major taxes related to Real Estate in India are Stamp Duty, Registration and the newly implemented GST (Goods and Services Tax) which integrated all indirect taxes like Service tax, VAT etc. under itself.
Property Registration Process