HAVE YOU BOUGHT AN APARTMENT IN BANGALORE? DID YOU EVER BOTHER TO CHECK THE FOLLOWING STATUTORY TAX ISSUES?

THE APARTMENT OR FLAT BUYERS MAY NOT NECESSARILY BOTHER ABOUT THE TAX ISSUES OF THE PROPERTIES BOUGHT BY THEM, LIKE VALUE ADDED TAX AND SERVICE TAX.

IN MAJORITY OF THE CASES, THE SELLERS, HAVE COLLECTED THE VAT AND SERVICE TAX THROUGH EMI/INSTALMENTS OR ONE TIME PAYMENTS, HAVE NOT DEPOSITED THE SAME WITH THE CONCERNED DEPARTMENTS OR MISREPRESENTED THE FACTS AND HAVE DEPOSITED MUCH LESSER THAN WHAT THEY HAVE COLLECTED, INCLUDING ALL TOP CREDAI BUILDERS.

MAJORITY HAVE NOT FILED INCOME TAX RETURNS, IN MANY CASES, MISREPRESENTED AND MANIPULATED THE ACCOUNTS AND SUBMITTED WRONG RETURNS.