13 April 2021
A Pvt Ltd Company received advance for sale of flat and shop for the fy 2015-2016. In this Fy the company sold flat and shop . 1. is it considered under service ? 2. if it is considered under service than how should the tax implied on it? 3. Is sale of flat is '' Sale of service '' or '' Sale of goods ''?
19 April 2021
Yes Turnover Shown in ITR as business income (Under PART -A P& L , Sale of Services). Flat and Shop was shown under WIP. Can I mail you ITR Copy.