Tax Audit for Construction Company

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 May 2011 We are engaging in the business of construction for developing a city. we have receved advance against development rights whether it will be included in the gross reciepts or not?

07 May 2011 YES IT WILL B4E INCLUDED
SEE Deputy CIT v. Gopal Krishan Builders (2005) 1 (II) ITCL 376 (Luck-Trib)

CA MANOJ GUPTA
JODHPUR
09828510543



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