Construction service
This query is : Resolved
Praveen Kumar K
(Querist)
12 September 2013
1.S.No 12 of 26/2012, provides abatement of 75% to residential complexes, wherein the residential units are less than 2000sq ft
2.In a case where in a residential complex,
3 units are less than 2000 sq ft. & 2 units are > 2000 sq ft, can 75% abatement be claimed on those 3 units (OR) 70% abatement has to be claimed on all 5 units. Kindly Substantiate.
2.In a case where in a residential complex,
3 units are less than 2000 sq ft. & 2 units are > 2000 sq ft, can 75% abatement be claimed on those 3 units (OR) 70% abatement has to be claimed on all 5 units. Kindly Substantiate.
CA. RAVIKUMAR
(Expert)
12 September 2013
Dear Praveen,
No.of units doesn't matter the only carpet area less than 2000 sq ft or value less than 1crore if any one condition satisfies then 75%abatement can be claimed
No.of units doesn't matter the only carpet area less than 2000 sq ft or value less than 1crore if any one condition satisfies then 75%abatement can be claimed
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Ito add credit side of bank
- GSTR9 Annual Return
- Employee secondment
- Gift to nri relatives resides in usa
- Applicability of tax on invoice
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- GST ITC as per notification 12/2023- central tax
- Form 144 TDS Return Validation error
- Form 144 TDS Return Validation Error – Mandatory Fields
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
