priyata sonawane
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Taxes on resale of property.
Q: Hi, I purchased an under construction flat in Jan-13, i have already paid for st.duty, registration, service tax, VAT. The possession is scheduled for Jan-14 but i wish to sale this and buy new property. If i resale it, what all taxes will be applicable. Builder has not yet put his paper for OC.

Latest Answer: Hi Priyata, As far as i know you only have to pay capital gain and the buyer will have to pay stamp duty, registration charges, service tax again. To be on the safer side it is better to take advice from some legal expert.

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