Kindly tell us corpus fund received from builder is taxable income or exempted income
Madhuri Ravindra Thakur (Thane) (21 Points)
06 January 2017Kindly tell us corpus fund received from builder is taxable income or exempted income
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 06 January 2017
In most of the cases its a capital receipt, and hence not taxable.
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