07 April 2009
My Friend was purchased a propery of Rs. 61 Lakh & issued Cheques of 3Lac 03/08/2006,2Lac 05/08/06 & 41 Lac 05/09/06 & 15Lac will pay after compition of the work,but agriment was not complted & builder return back total amount Rs. 85 Lac. 9 Lac 23/08/2008, 1Lac 23/08/08, 12 Lac 03/12/08, 33 Lac 14/02/09 & 30 Lac 31/05/09. So How Tax has been Calculated? Fin. Year wise or any other. Pl. Suggest.
CAclubindia
