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12% GST applicable on Dues If Completion Certificate was issued by 31st March, says CBIC
12 percent GST would be applicable on balance amount due to the builder if the housing project has been granted completion certificate by March 31,...
Income from Sale of Flats and Land is ‘ Capital Gain ’ since Assessees’ Intention to Trade in Real Estate was not Established: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has ruled that the income from the sale of flats and the undivided share in such land could be assessed under the head “capital gains” since the...
![Income from Sale of Flats and Land is ‘ Capital Gain ’ since Assessees’ Intention to Trade in Real Estate was not Established: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Flats-Taxscan.jpg "Income from Sale of Flats and Land is ‘ Capital Gain ’ since Assessees’ Intention to Trade in Real Estate was not Established: ITAT [Read Order]")
Incentive For Real Estate : No Adjustment to be Made If The Circle Rate Value Does Not Exceed 5% Of the Consideration
The Union Minister for Finance and Corporate Affairs, Arun Jaitley proposed that no adjustment shall be made in a case where the circle rate value does not exceed 5% of the consideration. While...
