https://www.taxtmi.com/article/detailed?id=2109 Service tax is payable on purchases from builders, with residential properties below certain size or value taxed on a greater proportion of the price and larger or higher value residences (and all non residential properties) taxed on a higher proportion, producing an incremental liability on the additional fraction. Buyers must deduct tax at source on non agricultural immovable property above the prescribed threshold and comply with registration and reporting obligations. A conditional, capped deduction for interest on newly sanctioned home loans is available subject to loan, property and ownership restrictions. en-us Tue, 16 Apr 2013 20:19:14 +0530 Tue, 16 Apr 2013 20:19:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=2109 Service tax is payable on purchases from builders, with residential properties below certain size or value taxed on a greater proportion of the price and larger or higher value residences (and all non residential properties) taxed on a higher proportion, producing an incremental liability on the additional fraction. Buyers must deduct tax at source on non agricultural immovable property above the prescribed threshold and comply with registration and reporting obligations. A conditional, capped deduction for interest on newly sanctioned home loans is available subject to loan, property and ownership restrictions. Articles Service Tax Tue, 16 Apr 2013 20:19:14 +0530 https://www.taxtmi.com/article/detailed?id=2109