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

POSTED BY amolsaboji 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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