Assesse have paid adbavce 15 laks towards a flat 5 years ago. But the assessee doesnot take the flat and the builder reapid the advance with an excess amount of Rs 5,00,000/-. What is the charging section under Income Tax and charging head of income?
Is it Long term Capital gain?
Pls give the nature of Income?
Aggarwal Sarawagi and Co
New Delhi
CA
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SMJ global advisors pvt ltd
New Delhi
B.Com
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T R SOOD & CO
New Delhi
CA Inter
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O P Bagla & Co LLP
New Delhi
CA Inter
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CAclubindia
