I purchased the property, assuming the value is 20 Lakhs and all dues were settled during FY 2015-2016 except final settlement of 1 Lakh which was paid on September 2016. Builder is asking me to pay KKC @ 0.5% on entire 20 Lakh to get the possession letter. I occupied the flat in FY 2015-16 itself. Is builder's claim tenable? What are the options available for me to get the possession letter? Please provide an explanantion.
Menu
Krishi kalyan cess- payment to builder
Replies (2)
Can anyone pls respond to the query?
If the builder has got completion certificate from the respective authority in the FY 2015-16, then no need to pay any KKC on the balance payment of Rs. 1 Lakh made in the month of Sep 2016.
the buileder has no roght to collect KKC on the total value of Rs. 20L, but can ask for KKC on 1 lakh, if the above certificate was not there in the in the FY 2015-16
Recent Topics :
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
Related Topics :
CAclubindia
