Can TDS and LBT is applicable for New Flat in Pune ?

POSTED BY bhaleraosa ON February 12, 2014 9:23 pm COMMENTS (2)

Recently I had purchased new flat in Pune with base cost Rs: 59 lac and stamp duty was 6%, VAT 1 %, Service Tax 3.09 % and Registration Rs: 30000/-

Builder is asking to pay 2% (1% LBT and 1% TDS) as this was mentioned in total cost but I am not sure that these taxes are applicable for new flats.

My home loan amount is 53 lac, so can you please advice me that I have to pay these taxes or not ?

2 replies on this article “Can TDS and LBT is applicable for New Flat in Pune ?”

  1. bhaleraosa says:

    Thank You Ashalanshu for your quick response 🙂

  2. ashalanshu says:

    Dear Bhaleraosa, actually you need to pay 1% TDS from the builder’s amount which is 59000 Rs. The LBT is a state tax which you w’d have to pay subject to T&C of LBT.



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