### Need Information on tax related issues while buying house in bangalore ?

POSTED BY ON December 9, 2014 6:36 pm ONE COMMENT

Hi All,

I am buying an apartment in bangalore.Mine is 1148 Sq Ft super built up area as i went through my cost breakup sheet i am getting some doubts in tax related issues.Can any one help me in clearing my confusion.

For example:

Super built up area: 1148(sq ft)*3750=4305000.00

Car parking=200000.

Cost of Property:=4305000+200000=4505000.00

KPTCL/BWSSB deposites=1148(sq ft)*165(rupees)=189420.00.

K.Sales Tax=4505000(rupees)*5%=225250.00.

Service Tax:=4505000(rupees)*(25%*12.36%)=139204.00.

Stamp Duty:=2159000*5.60%=120904.00

Regestration fee:=2159000*1%=21590.

I would like to know whether the % of charges they are charging is actual price.

Regards

Amol

## One reply on this article “Need Information on tax related issues while buying house in bangalore ?”

1. Your question is not clear .. % are always calculated on the basic price of house .. I dont see anything wrong in your example calculations

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