Real Estate Service Tax abatement budget 2013

POSTED BY Samrat sarkar ON March 5, 2013 9:04 am COMMENTS (3)

 Hi, We are selling our individual 30 year old house (approx 2200 carpet area) at a price greater than 1 crore. 

  • Does this Budget 2013 Service Tax abatement affects us ? (or is it only for builders-new flats)
  • If yes then how many days we have to avoid this special Tax ? (Effective date)

Thanks,Surya

http://articles.economictimes.indiatimes.com/2013-03-02/news/37390365_1_cent-real-estate-service-tax

http://www.indianexpress.com/news/budget-2013-govt-proposes-compliance-scheme-for-service-tax-defaulters/1081189

http://taxguru.in/service-tax/budget-201314-analysis-service-tax-proposals.html

 

3 replies on this article “Real Estate Service Tax abatement budget 2013”

  1. Dear Ashish, that 1% TDS thing is already answered to dear Samrat in one of his another post as well as personal mail. 🙂

    Thanks

    Ashal

  2. Dear Samrat, the service tax is not applicable to you as you are selling your own single property. It’s applicable to builders & developers only.

    Thanks

    Ashal

    1. Ashish says:

      Dear Ashal,

      I think Mr. Samrat Sarkar is confused on the 1% TDS levied on the property sale above 50Lakh. His 1st article links point to that and res is about service tax default.

      Regards,

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