Housing Loans

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Booking home before July may let you escape 3% tax

Those looking to buy a house would do well to book one before July, when the new service tax levy on construction service will come into Effect. The cost of flats will go up 3.3% of the total purchase consideration once service tax begins to be levied on construction.

The government is considering exempting from tax flats booked before the notification of the expanded construction service.

NEW DELHI: Those looking to buy a house would do well to book one before July, when the new service tax levy on construction service will come into Effect. The cost of flats will go up 3.3% of the total purchase consideration once service tax begins to be levied on construction.

The government is considering exempting from tax flats booked before the notification of the expanded construction service.

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