Finance Ministry has informed that the date of the proposed service tax hike is applicable from June 1, 2015. The Union Budget had announced hike in service tax rate hike to 14% from 12.36%. However, no decisions have yet been taken on the levy of Swachh Bharat Cess. It was announced in the Budget that a Swachh Bharat Cess Upto 2% will be levied
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Mere execution of JDA with developer does not trigger capital gains tax in real estate transactions
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