Capital gain
This query is : Resolved
16 August 2011
Advance payment received against sale of property is forfeited due to any reason then it is taxable or not under the Income Tax Provision and under which section.
16 August 2011
it would be reduced from cost of property held.
16 August 2011
thanks for the response and further please tell me the section for the same and also pls tell me that if the cost of property is less than the advance forfeited then what is the treatment for the same.
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