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…..
4 Replies
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
Recent Topics
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
Related Threads
CAclubindia
