Our coop society has just obtained a Bank Guarantee of Rs 10 cr. against a default by a builder in redevelopment process. Will that be treated as Income ? If it is then upto what extent the tax liability is ?
Suhas Kadhe (Retired) (23 Points)
27 September 2019Our coop society has just obtained a Bank Guarantee of Rs 10 cr. against a default by a builder in redevelopment process. Will that be treated as Income ? If it is then upto what extent the tax liability is ?
Kapadia Pravin
(17259 Points)
Replied 27 September 2019
Suhas Kadhe
(Retired)
(23 Points)
Replied 27 September 2019
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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