Additional Taxes
- TDS (Tax Deducted at Source): The buyer might deduct 20% TDS on the sale value. You can claim a refund if your final tax liability is lower.
- Stamp duty and registration charges: These vary by state and are usually paid by the buyer, but it’s good to be aware.
Will I Have to Pay Tax if I Sell My House?
Selling your house can be a big decision, and understanding the tax implications is crucial before you proceed. In India, yes, you are likely to pay tax on the profit you make when selling your house. This tax is called Capital Gains Tax (CGT).