Incidence of Taxation -Impact and Shifting of Tax

A promoter under RERA is defined as the person who is entrusted with the task of promoting the real estate project, which was developed or constructed by the developer. There are some important duties of the promoter under the RERA Act. Who Is A Promoter Under RERA? As per the RERA Act, 2016, a promoter has been defined under Section 2(zk) as any of the following persons: A person who constructs any independent building or a building consisting of apartments, or converts an existing building into apartments, to sell all or allot the apartments to any other persons and includes his assignees. A person who develops land into the project, whether or not the person also constructs structures on any of the plots, to sell it to other persons, whether with or without structures.  Any development authority or other public body in respect of allottees who builds or constructs which is owned by them or placed at their disposal by the Government.  Any such authority that owns the plots or placed