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Construction of residential complex

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(Querist)
28 December 2012 DEAR SIR,
IN CASE ,COMPLETION CERTIFICATE IS RECEIVED BEFORE 01.07.2012 HOWEVER PENDING PART AMOUNT RECEIVABLE AGAINST FLAT IS RECEIVED AFTER 01.07.2012 . THEN IS SUCH AMOUNT RECEIVED TAXABLE ..
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CA Rutvij

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CA Rutvij (Expert)
28 December 2012 If a single rupee is collected before BU permission then entire consideration becomes taxable.

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