No do not pay all your money to the builder.. you lose your leverage.. do it if you are able to get a hefty discount.. else you lose out..
It is not just you paying all the money.. but also the fact that if you pay money before the necessary approvals are obtained from the authorities.. (not June 30th)..
Quote:
Originally Posted by vdpawar
I have recently bough the flat and builder is eligible for 90% payment.
So does it make sense for me to pay the amount before June 30. I m asking because I think Service tax is retrospective and applied on the amount to be paid in future.
I will not have pay tax on 90% of the payment and the reamining 10% wuill b in the taxnet. So will save (90%*2.5% of the property value)
Pls help
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