SIR/MADAM,
EXTRA BENEFIT RECEIVED ON REDEVELOPMENT OF EXISTING FLAT, i.e. 20% ADDITIONAL CARPET AREA WHICH IS PROVIDED BY THE DEVELOPERS FREE OF COST ,
WHAT IS THE TAX TREATMENT UNDER THE INCOME TAX ACT?
THANK YOU ALL IN ADVANCED…..
CA CMA CS VIRAG SHAH (9773395720) (759 Points)
01 July 2010SIR/MADAM,
EXTRA BENEFIT RECEIVED ON REDEVELOPMENT OF EXISTING FLAT, i.e. 20% ADDITIONAL CARPET AREA WHICH IS PROVIDED BY THE DEVELOPERS FREE OF COST ,
WHAT IS THE TAX TREATMENT UNDER THE INCOME TAX ACT?
THANK YOU ALL IN ADVANCED…..
Amir
(Learner)
(4016 Points)
Replied 01 July 2010
Hi Virag,
I know I m not replying to ur question but then I am asking a question, which is simple than urs.........:)
Just a food for your thoughts -
Taxability of "Buy one get one free" offers? - with regards to anything pen, soap,etc
Dhawal Mohnot
(Practicing)
(449 Points)
Replied 01 July 2010
Since it does not involve any outflow of money there is no separate treatment for the same. and since no outflow of cash involved no entry in books of accounts either.
jyoti pandey
(student)
(21 Points)
Replied 01 July 2010
i want the list of all sections in income tax
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
