Construction of residential complex
This query is : Resolved
Rushabh Shah
(Querist)
28 December 2012
DEAR SIR,
IN CASE ,COMPLETION CERTIFICATE IS RECEIVED BEFORE 01.07.2012 HOWEVER PENDING PART AMOUNT RECEIVABLE AGAINST FLAT IS RECEIVED AFTER 01.07.2012 . THEN IS SUCH AMOUNT RECEIVED TAXABLE ..
IN CASE ,COMPLETION CERTIFICATE IS RECEIVED BEFORE 01.07.2012 HOWEVER PENDING PART AMOUNT RECEIVABLE AGAINST FLAT IS RECEIVED AFTER 01.07.2012 . THEN IS SUCH AMOUNT RECEIVED TAXABLE ..
28 December 2012
If a single rupee is collected before BU permission then entire consideration becomes taxable.
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