Hi Friends,
Does anybody have any idea about the service tax to be levied on under construction properties as per the Budget?
1) Is it 2.5% on agreement value or on percentage of the agreement value? People I have consulted say it is on agreement value.
2) Will a housing loan cover service tax in addition to stamp duty charges & registration?
Awaiting replies & suggestions.
Thanks,
HM
Does anybody have any idea about the service tax to be levied on under construction properties as per the Budget?
1) Is it 2.5% on agreement value or on percentage of the agreement value? People I have consulted say it is on agreement value.
2) Will a housing loan cover service tax in addition to stamp duty charges & registration?
Awaiting replies & suggestions.
Thanks,
HM