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AIR Information for Builders

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(Querist)
01 October 2008 in the case of builders flats are as good as stock in trade. so is it neccessary to mention in the AIR catagory for sale of immovable property valued more than rs.30 lacs. since he will be having the same as his source of income.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
01 October 2008 The builder is not supposed to show the said transaction in the AIR.
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anant

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anant (Querist)
13 October 2008 thank u sir for ur guidence.
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