SERVICE TAX ON BUILDERS OF COMPLEX

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 May 2010 These special services provided by a builder to the prospective buyers, such as providing preferential location or external or internal development of complexes on extra charges is now taxable [Section 65 (105) (zzzzu)].

Shyam Lal Naik

Shyam Lal Naik (Expert)
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18 May 2010 most likely wef 01.09.10

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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18 May 2010 no clarity yet.. can you pls provide the source of your info

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Shyam Lal Naik

Shyam Lal Naik (Expert)
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18 May 2010 The Finance Minister has revealed in a post budget press conferance that the new services shall be made taxable on or after 01.09.10, since, the trade ans industry needs time to adjust their software.