5% Vat to be levied on flats bought between 2006 & 2010

The Maharashtra Govt has decided to collect VAT (Value added tax) from home owners who bought their under-construction homes directly from builders between June 2006 and March 2010.The value of VAT has been decided as 5% of the total agreement value.This amount will have to be paid before August 31st. Eg:A buyer who bought a […]

Property tax-Builders to be held accountable?

Flat buyers are often kept in the dark about the property taxes due on their plot/flat at the time of possession.Only later do they realise that they have been shortchanged by the builder/developer when they are slapped Property Tax Due Certificate by the Municipal Corporation,which sometimes can be to the tune of a few lakhs! […]

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