Dear Sir,
I want to know that if an individual person taking property in Telangana State, on Development from its lawful owner/s, and after development of the property, he wants to sell his share in shape of Flats, then VAT is applicable or not, it is clear that the Developer of the property is an individual person, not the company/firm.
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
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M N Rao & Associates LLP
Vijayawada
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