“113A. Minimum tax on builders.- (1) Subject to this Ordinance, where a person derives income from the business of construction and sale of residential, commercial or other buildings, he shall pay minimum tax at the rate of rupees twenty five per square foot as per the construction or site plan approved by the relevant regulatory authority. (2) The minimum tax to be paid under this section shall be computed on the basis of total number of square feet sold or booked for sale during the year. (3) The tax paid under this section shall be minimum tax on the income of the builder from the sale of such residential, commercial or other building.”; Ab kar loo construction!!! :(
Posted on: Wed, 12 Jun 2013 22:03:18 +0000
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