Nitish Vats (6 Points)
27 March 2022What is the income tax provision regarding forfeiture of earnest money in case of breach of trading contract?
Whether seller required pay income tax on amount forfeited?
CA Surya Sekar
(CFO )
(1347 Points)
Replied 27 March 2022
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 27 March 2022
Divyam Agarwal
(Practicing Chartered Accountant)
(959 Points)
Replied 27 March 2022
Nitish Vats
(6 Points)
Replied 27 March 2022
Sir, can u please tell me in which head it will taxable. Under PGBP or IFOS!!
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 28 March 2022
CAclubindia
