19 July 2014
A Pvt Ltd is a construction company. Customer Mr.C has booked a flat in the financial year 2008-09 and a part consideration is also received in cheque. The flat is registered in the F.Y.: 2013-14, whether section 43CA of the Act is applicable?
A Pvt Ltd is following percentage completion method. Building is still underconstruction. Whether taxability deemed to be income in year of agreement / registration of agreement OR still can be said to be taxable only as per the method of accounting followed?
CAclubindia
