Immovable property to be attracted in 295

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 October 2013 Dear All

please guide
a construction company constructing flats and selling it. will it be considered as goods and will it attract sec 295

15 October 2013 If given on credit to a director section 295 attracts, though the transaction may look like ordinary trade dealings, they will be loans ,if the intention is to give accommodation in that manner.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 October 2013 Thanks Sir


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


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query