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What are the taxation formalities I need to complete while purchasing a property?

April 26, 2017COMPLETE formalities Property purchasing Taxation

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What are the taxation formalities I need to complete while purchasing a property?

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A1. From the point of view of taxation no special formalities are required for completing while buying the property. However, proper Agreement to Sale etc. must be done and the ownership and the title should be verified to ensure that one does not have a problem at a later stage in respect of such property.