service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2011
If Assesse enter in to the agreement for development of Land with developer.but do not give right to developer to sale the land.so the consideration received for giving right to the developer to develop the land will attract Service tax?,
This transaction will not attract Capital gain being no possession and no sale right to the development for the time being.
This transaction will not attract Capital gain being no possession and no sale right to the development for the time being.
15 March 2011
If consideration is in the form of percentage of the plinth area of the building, department can allege that the developer provided construction service to the land owner and hence developer is liable to service tax. After that when the land owner sells his share of the building to final buyer, again department may allege that he provides construction service to the final buyer.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- FORM 26A APPLICABILITY
- Annual return in Gst
- When TDS on GST applied
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
