Income tax on builder agreement


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Querist : Anonymous

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Querist : Anonymous (Querist)
07 March 2013 Dear Sirs,

Immovable property, which is stock-in-trade, of which builder agreement with possession is executed and registered. then on such transaction any income tax liability arise ?

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with regards

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2013 please answer.

15 August 2023 Yes, tax liability will arise as it is considered as transfer.


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