Daily Archives: June 6, 2016

No service tax on sale of under construction flat if sold with land

whether the consideration paid by flat buyers to a builder/promoter/developer for acquiring a flat in a complex, which under construction/development, could be subjected to levy of service tax. ? According to the Petitioner : The agreements entered into by them with the builder are for purchase of immovable property and the Parliament does not have… Read More »

Rectification requests of e fled Income Tax Return

Rectification requests of Income tax Return under Income Tax Act Rectification requests procedure PRESS RELEASE, DATED 1-4-2016 Income-tax Act provides the taxpayer with an option to seek rectification of mistakes apparent from record under section 154 of the Act. The e-filing portal of the Income Tax Department provides the utility for online filing and tracking… Read More »