Service tax on development rights
This query is : Resolved
25 October 2014
whether land owner has to pay service tax on sale of development rights .the consideration would on every flat sold 30% revenue shall go to land owner
27 October 2014
Dear Paresh,
When land owner give development right to builder/developers its a sale under barter system, in your case service tax is applicable once builder sales flat before OC (occupancy certificate) service tax is liable
in your case
30% of Amount received multiply by
3.09%
3.708%
as per your criteria
CA Chirag Doshi
91 9833027231
When land owner give development right to builder/developers its a sale under barter system, in your case service tax is applicable once builder sales flat before OC (occupancy certificate) service tax is liable
in your case
30% of Amount received multiply by
3.09%
3.708%
as per your criteria
CA Chirag Doshi
91 9833027231
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.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Annual return in Gst
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- 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
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
