9911796707
TMI BlogService tax on built up area alloted (in kind) by builder to land ownerX X X X Extracts X X X X X X X X Extracts X X X X ..... "A” is a land owner and “B” is a Builders/Developer. Land owners agrees and conveys land to the builders/developers vide agreement for sale, for which the builders agree to allot in kind , say 1500 sq ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uare feet of built up area to the land owners. Whether the allotment of 1500 sq ft of built-up area in kind to land owners as per the proposed finance bill 2010 would be subjected to service tax under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... “complex construction service” and if so what shall be the valuation for discharge of such service tax liability on the 1500 sq ft allotted to land owners - Reply By Surender Gupta - The Reply = As ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... per the proposed service tax on construction industry and builders, service tax would be levied on allotment of such 1500 sq ft built-up area. But, it is too early to discuss the details and valuation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at this point of time, since after enactment, the ministry of finance / CBEC is expected to come out with some valuation provisions to simply service tax on such transactions. - Service tax on built ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... up area alloted (in kind) by builder to land owner - Query Started By: - hubert fernandes Dated:- 1-4-2010 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
