How do i declare taxation statements and you will what records manage I wanted on the builder for my personal part of the compelted triplex.,while i lease they and you may declare my personal income tax getting that it ?
Hello. If the from inside the a beneficial township bundle , most of the triplex have an effective seperate manager and told you triplex strengthening is actually complete,nevertheless the whole venture isn’t done.
Hi Srikanth, I am already residing Bengaluru. I am to invest in a condo here whose OC try anticipated but not folks are residing in the newest area. You will find full 5 structures in this opportunity of which just dos structures features OC, others step 3 buildings OC is still awaited. Folks are residing each one of these structures. We have checked OC application you to Builder made to BDA, they has day from middle 2018 and till there is no OC.
Is it possible you delight suggest: What’s the schedule of issuing OC immediately after initially request? How do i examine as to the reasons it is still pending? Does BDA have any online information webpage designed for these types of type regarding programs ?
Dear Bright , I don’t know in regards to the big date-range. Do you really suggest to state that the newest builder had applied for OC when you look at the 2018 and has now not yet already been awarded.
Hey Srikanth. You to definitely concern. We have been currently residents out of a home built in 1989. It’s got about three floors, with that flat on every floor, all of the owned by separate organizations. Once the OC of 1989 states the next flooring (and this we, the initial floor customers) are attempting to buy. It says the next floors just like the just which have one to bedroom and you may step 1 restroom (this has around three of any, blog post it’s rebuild for the 2003. Matter – 1. can we need to have the OC since it is nearly an independence building 2. Can we since the information citizens, make an application for after that it? Is it possible you strongly recommend an answer fundamentally
Beloved Pooja, In the event the the eg an independent domestic, OC might not be requisite. Do you have independent Khata/Patta for every single flooring? (independent assets income tax). Highly recommend you to definitely including seek advice from any nearby Municipal Professional or attorneys about this..
I have set aside a 2 BHK flat during the Raj Nagar Expansion Ghaziabad into the 2015 lower than sandwich vention strategy. Now builder has actually issued a final consult letter but not listed here are my question and i you need the worthwhile information:-
step one. Creator provides added the latest Region charges out-of Rs. 56000 (Rs.50/- for every square feet). You will find seemed certain content and discovered that location costs levied of the GDA is applicable Rs.250/-per Sq .. Mtr or Rs. /- for every Sq. feet.
2. Creator happens to be offering the fingers of your own apartments rather than CC/OC as well as asking the fresh new PDC on registry of your own property. I think in the lack of OC creator are unable to even boost the last interest in percentage.
step three. At that time reservation the latest flat, builder determined this service membership Tax step three.5% toward First Cost (BSP) and you can % towards the other things age.g. PLC, FPLC etc. very overall estimated Provider taxation try approx. Rs. step one.56 Lakh but in his finally demand letter Creator changed this new GST price so you’re able to a dozen% (only with the balance matter) even in the event my personal flat happens under the concept of ‘Affordable House’ depending on GST i.e. Carpet urban area are lower than sixty Sqm from inside the Town city (Ghaziabad falls under city city as per definition) therefore rationally new GST will be determined % instead of ITC even if Builder gets the choice to opt for often 5% having ITC or 1% instead ITC, as to the reasons creator pick 5% which have ITC and in case creator choose for with ITC alternative, creator is give new ITC benefit to buyer.