EASYOFFICE
EASYOFFICE

Constuction of residential complex

This query is : Resolved 

03 January 2013 WHETHER AGREEMENT VALUE OF FLATS GIVEN TO LANDLORDS AS PART SETTLEMENT OF LAND VALUE IS TAXABLE ???

08 January 2013 In case the developer gives the constructed flats as part of consideration received in the form of land, the developer is in essence providing service of flat construction and receiving consideration in kind that is in the form of land. Hence the arrangement would be taxable.Please refer to Circular No. 151/2/2012 dated 10th Feb. 2012.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries