SIR , I HAVE A PIECE OF LAND 257 SQ YRDS WANT TO CONSTRUCT FLATS ON IT AND SELL IT WHAT ARE THE TAXES I HAVE TO PAY AS PER LAW, I AM A LAY MAN IN TAXATION KINDLY ADVISE ME
LAIQ UR RAHMAN (MD) 04 January 2014
SIR , I HAVE A PIECE OF LAND 257 SQ YRDS WANT TO CONSTRUCT FLATS ON IT AND SELL IT WHAT ARE THE TAXES I HAVE TO PAY AS PER LAW, I AM A LAY MAN IN TAXATION KINDLY ADVISE ME
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 04 January 2014
Service Tax on under construction property is levied on the services provided by Builders or Real Estate Developers or any other person, where building complexes, civil structures or part there of are offered for sale but the payment is received before the issuance of completion certificate by a municipal authority.
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