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 Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
