04 January 2021
If a builder retains 3 flats out of 8 constructed flats in an amalgamated plot of land constructed by builder (own by builder and some other land owner) and he transferred 2 Flats to another land owner as a part of land consideration then what is the turnover for 44AD and how the cost of 5 flats shall be calculated and if do not opt for 44AD then how to show turnover in profit and loss account and what will be the value?
CAclubindia
