Hello evveryone,
one of my NRI client booked a flat in mumbai. Interest is paid by my client which is reimbursed by builder at the end of the year.
My question
Is interested reimbursement taxable in the hands of my client as income ??
ankit (student) (127 Points)
19 March 2017Hello evveryone,
one of my NRI client booked a flat in mumbai. Interest is paid by my client which is reimbursed by builder at the end of the year.
My question
Is interested reimbursement taxable in the hands of my client as income ??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 19 March 2017
"Is interested reimbursement taxable in the hands of my client as income? Beigh reimursement its neither taxable, nor deductible u/s. 24b
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