Need A Financial Product Forums Tax Savings Composition scheme for contractors and builders?

This topic contains 1 reply, has 2 voices, and was last updated by  Keki Irani 3 years, 5 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #47324

    Keki Irani

    Whether any composition scheme is provided for contractors and builders?


    Under local body tax, a separate composition has been specified for builders and contractors undertaking construction in the limits of the city. In terms of the said scheme, the contractors and builder are obligate to pay local body tax as follows.1) INR 100 per square meter for construction up to four floors without lift. 2) INR 150 per square meter for construction up to seven floors with lift. 3 INR 200 per square meter for the construction above seven floors.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email :

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.