29 September 2008
I want to know tax implications in below cases:
1. Our building is under redevelopement and builder shifts us to another house for which we are paying rent and getting reimbursment of the same. So what is treatment of Rent recd from the redeveloper??
2. We also got corpus fund of Rs 200000/- each member, wht is the treatment of the same???
13 October 2008
What would be the treatment in following objectives: 1. If corpus fund is given to each member and not to the society? and 2. If the corpus fund is given to the society?