Interesting query URGENT
This query is : Resolved
26 August 2008
A company has given a deposit of say 40 crs to a party and has obtained development rights on it to develop the land
At the time of the sale proceeds the co will give 20% of its share to the the Party to whom deposit is given
So what should be the accounting and taxation treatment on this??
At the time of the sale proceeds the co will give 20% of its share to the the Party to whom deposit is given
So what should be the accounting and taxation treatment on this??
06 October 2009
Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.
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