Loss incurred due to cancellation of booking of flat

This query is : Resolved 

23 April 2013 Plz let me know that if an Individual pays the cancellation amount due to cancellation of Flat which was Booked earlier, then what is the treatment for that.
Is that taken as HP Loss or Capital Loss.
Plz help me as soon as possible.

23 April 2013 Income from other sources , losses

24 April 2013 Is this loss eligible for set off by business loss




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries