Latest Answer: Sir i am having doubt that my father was in air force and he died in service after completing 15 years and 153 days service in Indian Air Force. Is my mother will be eligible to take this benefits of stamp duty exemption while purchasing property.
Latest Answer: Hi friends!!
In form of Krishi Kalyan Cess, a levy of 0.50% is going to add up to existing rate of service tax on all taxable services which sums up to total service tax of 15%. Arun Jaitely, in his first budget had increased service tax rate to 14% from 12.36% and then added 0.50% as Swachh Bharat Cess from 15th November, 2015. Now, with krishi kalyan cess of 0.50%, the new service tax rate will be 15% effective from 1st June 2016.
Q:Respected Seniors.Please help me to find answer for my query. I have booked a underconstruction flat (FLEXI PAY scheme)in an appratment U.P. with below detailsBooking was done in Oct 2010 and The possession will be in 2013 Basic Price - 32,05,800/-Other Charges mentioned in Builder's Annexture are below:Car Parking - 1,50,000/-Club MemberShip Charges - 35000/-Power Backup - 15000/-IFMS - 27400/-EDC/IDC - 82200/-No other charges are applicable as per annexture.Now, builder say that I have to pay Service Tax @ 10.3 % for Car Parking, Club MemberShip Charges and Power Backupand Service Tax @ 2.575% for entire BASIC PRICE.As per my understanding the 33% of the total value is applicable for the Service Tax (2.575% OR 10.3% whichever applicable.)Sir, I want to know below:1. For what amount ST is applicable ?2. Which part (from above specified values) is applicable for Service Tax @ 2.575% and which part is applicable for Service Tax @ 10.3 % ?RegardsChandra Prakash