proceeding u/s 12aa(3)
This query is : Open
SHILPI JAIN
(Querist)
25 July 2011
i had purchase a land for 10 lakh under trust
now the value is 12 lakh. can deduction can be taken of rs. 2 lakhs
now the value is 12 lakh. can deduction can be taken of rs. 2 lakhs
CA PARAS BAFNA
(Expert)
26 July 2011
Deduction is available on actual application
of money and not on the basis of market valuation at any point of time.
of money and not on the basis of market valuation at any point of time.
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