08 May 2012
I have paid Rs. 40 lacs to builder for purchase of a flat as follows Rs. 10 lacs 31-12-2009 Rs. 10 lacs 30-06-2010 rs. 20 acs 30-06-2011 The builder is paying interest on rs. 40 lacs @ 12% P.A. But the builder is also deducting service tax @2.5 % on rs. 40 lacs .Is he justified for Service Tax deduction . if yes under which provision
CAclubindia
