Loss incurred due to cancellation of booking of flat
This query is : Resolved
CA VARTIKA KESHRI
(Querist)
23 April 2013
Plz let me know that if an Individual pays the cancellation amount due to cancellation of Flat which was Booked earlier, then what is the treatment for that.
Is that taken as HP Loss or Capital Loss.
Plz help me as soon as possible.
Is that taken as HP Loss or Capital Loss.
Plz help me as soon as possible.
Anil Sankar V
(Expert)
23 April 2013
Income from other sources , losses
Message likes :
1 times
CA VARTIKA KESHRI
(Querist)
24 April 2013
Is this loss eligible for set off by business loss
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