If any person, who is a member of any housing society or co-operative society, has paid all the consideration amount before 1.10.2009 and wanted to get registered the property in his name from society, will the amended clause of section 56 2(vii) applicable to the buyer ?
One more question, is section 50c of the Income Tax Act'1956 applicable to housing or co-operative society, if it sells property at value less than the guidelines value ?
CAclubindia
