Anthony G
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Tax on Down payment?
Q: Recently I booked a flat which costs Rs Y and paid two installments total Rs X say. The builder sent me a receipt with a service tax added on Down payment @ Rs X*3.09%. This is exclusive of the overall tax charged for Rs Y*3.09. My question is if I am paying tax for overall cost at Rs Y*3.09%, is it even legal to charge tax on down-payment amount? Does this mean I have to pay tax for the entire amount i pay @3.09% above the tax of Rs Y*3.09%? Please advice.

Latest Answer: Thanks for the inputs all!!

Regarding property Validity check in Rajarhat
Q: I am looking to buy a flat in Rajarhat area. What all details\legality I should check. Also, is there any online site or any other way to check validity of the property and ownership rights of promoter? Any answer is appreciated, Thank you all.

Latest Answer: Hi all, Rajarhat or New Town, also known as Jyoti Basu Nagar is a fast growing planned residential and commercial/ industrial hub. Spanning an area of approximately 28 sq.km. in the north-eastern fringes of Kolkata, the township would be much larger than the neighbouring Salt Lake city.

Per SQFT price looks faulty
Q: What is the actual sq ft price as they are different in the front page of Netwood maple and in project overview it is higher?

Latest Answer: Hello Diptarishi, Nestwood Maple by Skywood Developers Ltd. located at Rajarhat, Kolkata is a Rajarhat Gopalpur Municipality. And almost all the leading banks and financial institutions such as HDFC, Axis, SBI etc. are offering housing loan for this project. As far as project possession is concerned, i had a word with their marketing person and found that the possession date will be June'2018.

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