Hi all,
Flat is paid as a commission to director for selling the flats of a particular project.
As per AS-7 & Guidance note on real estate
Please Clarify whether such Commission paid to director for selling flats in a project can be taken to direct cost of construction,
i.e, for percent of completion.(as commission paid is a flat of the same project)
And also when commission is paid to outsider for selling the flats.
CAclubindia
