Results for #constructed
Legal
#flat#constructed#rented#sell
I have a flat which is co-owned by my wife and currently we are living in the same house. Along with that house, we also have a constructed house which is solely owned by me and I have rented out that house. I am intending to sell that house, so is there a way by which I can claim Gain Tax if I reinvest to buy a second flat in my name?
I have a flat which is co-owned by my wife and currently we are living in the same house. Along with that house, we also have a constructed house which is solely owned by me and I have rented out that house. I am intending to sell that house, so is there a way by which I can claim Gain Tax if I reinvest to buy a second flat in my name?
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Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
If you reinvest the sale proceeds within one year from the date of sale of your property in another residential property, then no capital gains will be attracted on the amount received by you on the sale of your house.
Legal
#constructed#property#agreement
There was a circular issued by the state to pay 5% vat on the flats that are constructed between June 20, 2006 and March 31, 2010. How much would I have to pay for a property that has an agreement value of 23 lakhs?
There was a circular issued by the state to pay 5% vat on the flats that are constructed between June 20, 2006 and March 31, 2010. How much would I have to pay for a property that has an agreement value of 23 lakhs?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
VAT payable would depend on State laws and also it requires payment of penalty etc.
Legal
#constructed#flat#july#possession#applicable
Dear Sir, I had bought a 90% constructed flat in Thane in July, 2010 and I got its possession in October, 2010. I would like to know the service tax applicable to my flat.
Dear Sir, I had bought a 90% constructed flat in Thane in July, 2010 and I got its possession in October, 2010. I would like to know the service tax applicable to my flat.
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Service Tax would be 1% of the Agreement value and particularly since the building / flat was not fully constructed as on July 2010.
Legal
#promoter#true#money#promised#constructed
I wish to lodge a complain in the court against our building promoter as he did not stand true on his promises and hasn't given us any amount of the money he promised. He has also illegally constructed extra floors. I want to know if I need to first appeal to a junior division and then go on to the senior devision or if I can directly to the senior division. I want to know the difference between a junior division and a senior division, and whether the adovactes need to be more educated to apply for a senior division?
I wish to lodge a complain in the court against our building promoter as he did not stand true on his promises and hasn't given us any amount of the money he promised. He has also illegally constructed extra floors. I want to know if I need to first appeal to a junior division and then go on to the senior devision or if I can directly to the senior division. I want to know the difference between a junior division and a senior division, and whether the adovactes need to be more educated to apply for a senior division?
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