02 June 2015
my question is regarding regilious trust , trust is buying a land for temple construction the stamp value is 1 cr and fmv is 5 cr.
the seller of land is not ready to register the deed for 5 cr as capital gains on additional 4cr.
how should trust treat 4cr, can trust treat 4cr as development exps on land and withdraw 5cr from bank?
CAclubindia
