I understand that recently Income Tax Department has issued a Notification on 1% TDS on property purchase. Is it applicable only when the seller is a non-builder, or even when the seller is a builder? Also, what is the notification number please?
Secondly, on property sale by builder, is there any service tax on the builder? If so, brief summary please.
Finally, in Goa, is there any VAT applicable on the builder when flat is being sold by them?