A construction of building has been granted to NBCC Ltd.. Building will be used by educational institute for its facultys residence
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Query???
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since used for residential purpose , does not fall under commercial construction. If it is a complex having more than 12 units , department may insist tax to be paid under residential complex. But you can claim exemption under personal use.
In case building is having more than twelve resedential units, the tax is to be paid
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