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Ankit Tulsyan

Ankit Tulsyan (C.A)

Ankit Tulsyan is a Chartered Accountant and has worked with some of the Indian Companies at managerial levels. He specializes in auditing, assurance and accounting services and also advises on Income Tax, Service Tax and VAT matters.

He holds a Bachelors degree in Commerce and is also a Licentiate from Insurance Institute of India. Currently, he is pursuing a Diploma in Information System Audit (DISA) from ICAI.
 

Other/latest questions on tax

Hi Ankit. I have purchased a property in India. I am an NRI. I do payments tru installments for every slab put up. I am charged Servce Tax, Education tax and higher education tax for every payment/installment made. Do I need to pay this even if my payments are made tru an NRI account? Can I claim tax benifits? How?
Asked by Perry
Yes, every person who is making payment for purchase of property in India from a builder is required to make the payment of service tax , education tax and higher education tax along with the payment of installment. Further the total amount paid (including service tax, education tax and higher education tax) would be included in the cost of acquisition of the property. The fact that you are making payment from an NRO/NRE account does not exempt you from the service tax liability.
Answered by NRIMatters Team