Easy Office
LCI Learning

Tax on flat sale

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 February 2013 As per development agreement some flats allotted to me & i would like to know that, who will liable to pay VAT & Service tax on these flats sale? (Developer or land owner)
Profile Image

CA Himanshu Kansal

Profile Image

CA Himanshu Kansal (Expert)
16 February 2013 The query is not clear in respect to which tax?
But if the query in relation with Income Tax then, the person which can transfer the title and possession of the property legally, is liable for capital gain tax.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 February 2013 Sorry, actually it is regarding VAT & service Tax.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CS RAJESH C.CHOUDHARY

Profile Image

CS RAJESH C.CHOUDHARY (Expert)
16 February 2013 According to my view, Ya it is paid by the Purchaser of Flat from the builders.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links