Interesting query URGENT

This query is : Resolved

HITESH KHONA (Querist)
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26 August 2008 A company has given a deposit of say 40 crs to a party and has obtained development rights on it to develop the land

At the time of the sale proceeds the co will give 20% of its share to the the Party to whom deposit is given

So what should be the accounting and taxation treatment on this??

Taranjit Singh

Taranjit Singh (Expert)
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06 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.