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Tag Archives: residential property
FAQ On Housing Loan
Q-1 What are Income tax benefits of taking a housing loan under EMI Plan? First Equated monthly instalment (EMI) amount is to be divided into the principal and interest components. The repayment of principal amount of the loan … Continue reading
Real Estate Developer liable to Service Tax on Residential Construction
Authority for Advance Rulings vide a ruling pronounced on 7th April 2008 has ruled that a Real Estate Developer who is booking, constructing and selling residential units on land owned by him is liable to service tax. Though the rulings … Continue reading
Posted in Service Tax
Tagged real estate, residential property, rulings, Service Tax, taxation
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