Assam Govt. prescribes 'Form' for exercise of one-time option by real-estate promoter

May 10,2019

Govt. of Assam prescribes Form for exercise of one-time option to pay tax on construction of apartments in a real-estate project by promoters; Explains that, in case such Form is not submitted, it shall be deemed that such promoter is liable to pay tax in respect of on-going project at reduced rate of 0.75% and 3.75% for Residential Real Estate Project (RREP) and Real Estate Project (REP), respectively : Assam Govt. Circular...

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