Transaction taxes

Tax Glossary Definition

Transaction taxes

Transaction taxes are levied on specific types of economic transactions rather than on income or wealth. These taxes apply whenever a particular transaction occurs, such as the sale of goods, transfer of property, or financial trades. They are typically calculated as a percentage of the transaction value and are often collected at the point of sale or transfer.

Example: When a person buys a house for ₹50 lakh, the government may impose a 1% property transfer tax, amounting to ₹50,000, payable at the time of property registration. Similarly, the sale of goods worth ₹10,000 might incur a 5% sales tax, or ₹500.

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat
Mobile Apps Available On
This feature is available on our mobile app. Get the app now to access this feature!

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App