Gift deed

Akshat Singh (Querist) 19 November 2015 This query is : Resolved
Hi,
My question is one lady Mrs. "x" got a flat as gift from her brother. (Her brother and father are land owner and they got some flats due to Joint development with one of the builder in Bangalore)

The property is registered as GIFT DEED now. If I am buying the flat from her. Do I need to pay any service tax and VAT for the flat. Because when I go to any builder they include Vat and service tax as a separate component while calculating the price .

I know a bit that i have to pay the registration cost .

Follow Query

Report Abuse