Percentage of abatement on service of "construction of resedential flats" for financial year 2012 -13.
Expert please guide.
Menu
Abatement on construction of resedential flats
Replies (2)
75 % abatment for Flat Sale means tax payer only pays 12.36 % *25 % 3.09 % tax on flat agreement
When cost of the land is inclusive, the service tax is payable only on 25% of the value. He can also avail cenvat benefit on eligible inputs.
Recent Threads
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
Related Threads
CAclubindia
