What are the tax components that have to be budgeted for a commercial building construction?
There are several taxes associated with a commercial building development. They are mainly municipal tax, one time revenue tax, VAT, service tax, CST, labour welfare cess, etc.. Most of these taxes differ from State to State. Consult a competent professional agency before starting the project for better cost planning.
Related Questions
- May construction documents for a commercial building, such as a bank, office or convenience store, be prepared by a contractor or a drafting service when there are only three employees?
- Is the interest on the loan availed for construction of a commercial building deductible for arriving Income Tax?
- What components are used in the construction of the building?
