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	<title>Property News India and Featured Real Estate Stories &#187; Tax on under-construction property</title>
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		<title>Selling under-construction flat before possession saves tax</title>
		<link>https://groups.commonfloor.com/news/selling-under-construction-flat-before-possession-saves-tax-1568</link>
		<comments>https://groups.commonfloor.com/news/selling-under-construction-flat-before-possession-saves-tax-1568#comments</comments>
		<pubDate>Thu, 11 Nov 2010 09:15:30 +0000</pubDate>
		<dc:creator>rakesh</dc:creator>
				<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Property Buying]]></category>
		<category><![CDATA[Save Tax]]></category>
		<category><![CDATA[Tax on under-construction property]]></category>
		<category><![CDATA[Under-construction property]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=1568</guid>
		<description><![CDATA[The steep rise in property prices over the past three-four years, particularly in larger cities such as Mumbai, has placed one category of homebuyers in a very fortunate situation. Those who booked yet-to-be-constructed flats three or four years ago, made payments over the past few years at the old booking rates and are now getting [...]]]></description>
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		<title>Sales Tax Department To Take Action Against Builders</title>
		<link>https://groups.commonfloor.com/news/sales-tax-department-to-take-action-against-builders-1208</link>
		<comments>https://groups.commonfloor.com/news/sales-tax-department-to-take-action-against-builders-1208#comments</comments>
		<pubDate>Mon, 18 Oct 2010 05:45:53 +0000</pubDate>
		<dc:creator>rakesh</dc:creator>
				<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Action against Builder]]></category>
		<category><![CDATA[Action against builders for tax evasion]]></category>
		<category><![CDATA[MCHI Mumbai]]></category>
		<category><![CDATA[Mumbai]]></category>
		<category><![CDATA[Real estate in India]]></category>
		<category><![CDATA[Sales Tax]]></category>
		<category><![CDATA[sales tax department threatened to take action]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[tax evasion]]></category>
		<category><![CDATA[Tax on under-construction property]]></category>
		<category><![CDATA[Under-construction property]]></category>

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		<description><![CDATA[The sales tax department has threatened to take action against many builders after having come across several cases of tax evasion. The Builders have already collected Tax on under-construction property from the property buyers. But only a few have deposited it. Construction projects in the city and the state are once again under the scanner. [...]]]></description>
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