RCM on Construction of Apartment - Real estate
This query is : Resolved
04 February 2025
Hi,
As per the the JDA, the builder has given payment of rs. 10 laksh to landlord as non refundable security deposit and in his books as payment to landlord under profit and loss account.
Whether this amount is included or excluded for calculating 80% : 20% rule for RCM payment ?
As per the the JDA, the builder has given payment of rs. 10 laksh to landlord as non refundable security deposit and in his books as payment to landlord under profit and loss account.
Whether this amount is included or excluded for calculating 80% : 20% rule for RCM payment ?
04 February 2025
This payment is excluded in 80% payment calculation as it's paid towards land.
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Industry Expert04 February 2025
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