Construction Service - Low Cost
This query is : Resolved
06 February 2011
One of my clients constructing flats consisting of 20 residential units. Each residential units costs Rs 15-18 Lakhs. Advance payments are obtained before completion. Coming in ST net from 01.07.2010? Under Construction.....
Heard that there is exemptions for low cost housing worth less than 20 Lakhs. But I cant find any notification as such. Read these in the following website.
https://www.commonfloor.com/articles/tag/amendment-made-by-the-finance-act-2010
https://www.investmentyogi.com/taxes/service-tax-for-new-home-purchase.aspx
https://www.etaxindia.org/2010/08/sale-of-under-construction-houses-to-attract-ervice-tax-from-july-1.html
Is my client exempted from Service tax or not?
Please advice
Heard that there is exemptions for low cost housing worth less than 20 Lakhs. But I cant find any notification as such. Read these in the following website.
https://www.commonfloor.com/articles/tag/amendment-made-by-the-finance-act-2010
https://www.investmentyogi.com/taxes/service-tax-for-new-home-purchase.aspx
https://www.etaxindia.org/2010/08/sale-of-under-construction-houses-to-attract-ervice-tax-from-july-1.html
Is my client exempted from Service tax or not?
Please advice
08 February 2011
Service Tax is payable since 01.07.2010.
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- NRI INSURANCE ADVISOR
- Average Cost Of High Quality Diamonds
- TAX AUDIT QUESTION
- Difff in ais receipts and gst turnover
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Due Date Clarity
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
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
