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Tax Audit for Construction Company

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 May 2011 We are engaging in the business of construction for developing a city. we have receved advance against development rights whether it will be included in the gross reciepts or not?
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
07 May 2011 YES IT WILL B4E INCLUDED
SEE Deputy CIT v. Gopal Krishan Builders (2005) 1 (II) ITCL 376 (Luck-Trib)

CA MANOJ GUPTA
JODHPUR
09828510543

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