Taxability of income.
This query is : Resolved
23 September 2013
Dear expert,
I have a que. regarding taxability of income,
I want purchase a flat for same, I gave advances to builders Rs. 10,00,000on 28/02/2012. Due to default by my side, We didn't do purchase agreement, after some time I canceled my plan of purchasing flat, builders give me 11,00,000/- rs. on 25/05/2013 or 28/01/2013.
So sir my que. is above 1,00,000/- rs. that i received, in which head taxable STCG or Other sources.
I have a que. regarding taxability of income,
I want purchase a flat for same, I gave advances to builders Rs. 10,00,000on 28/02/2012. Due to default by my side, We didn't do purchase agreement, after some time I canceled my plan of purchasing flat, builders give me 11,00,000/- rs. on 25/05/2013 or 28/01/2013.
So sir my que. is above 1,00,000/- rs. that i received, in which head taxable STCG or Other sources.
23 September 2013
hope you pay the earnest money by cheque...
as per my view you should consider the same under capital gain.. as the same is being used for purchase of house.
as per my view you should consider the same under capital gain.. as the same is being used for purchase of house.
23 September 2013
Dear Bro,
it is right that I was received money through cheque.
not satisfaction ans.
it is right that I was received money through cheque.
not satisfaction ans.
24 September 2013
dear..
i think you should go for capital gain only as the same is being income from investment in capital assets.
i think you should go for capital gain only as the same is being income from investment in capital assets.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
