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Date of transfer of plot, Service Tax |
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Date of transfer of plot |
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One big plot was divided and sold to different partes in different years say 2002-03 ,2003-04 & 2004-05 Last part of the plot was sold on 2004-05.Wha is the date transfer o the plot.
Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
In my opinion when one plot divided & sold to different parties taxes are applicable at the time of transfer of property to individual buyers,since the sale/ transfer agreement is done at the time of transfer i.e.in respective years,when last part of the plot sold on 2004-05 tax applicable to the last buyer as applicable. The date of transfer of the plots are in respective years.
Respective portion of the plots sold shall be assessed in the year in which they are transferred, provided the transfer is complete with respect to that portion.
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