TMI BlogService Tax on One Time Lease Rent for Under Construction Residential Flat in a Housing SocietyX X X X Extracts X X X X X X X X Extracts X X X X ..... Builder ABC Ltd engaged in real estate business.The company purchased land on lease from Local authority on 99 years lease. The company is developing Residential flats and group Housing Society on t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he said land and sold these residential flats in open market at following structure Basic Cost price 2000 sq. ft, PLC as applicable. One Time Lease Rent 85 sq.ft. IFMS 25 Sq. ft. Builder is charging ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12.36% Service Tax on One Time Lease Rent. Questions 1. Whether Builder can charge Service Tax on Lease Rent for Residential Flats. Question 2 : If yes than under what ground? Also, Is there an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y document available which describes clearly that Builder can charge Service Tax from Buyers on One Time Lease Rent. Question 3: Can builder charge Service Tax on Parking Space if Parking Space is pu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rchased separately? If yes, How much Service Charge Builder can charge? - Reply By Ganeshan Kalyani - The Reply = Hope your query is resolved or else we shall try to reply. You may share your views ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as well to enrich our knowledge. Thanks. - Service Tax on One Time Lease Rent for Under Construction Residential Flat in a Housing Society - Query Started By: - Pradeep Kumar Dated:- 15-4-2015 Servi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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