Real estae accounting

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 August 2011 Company A has entered into an agreement with Company B who is authorised marketing agent of company C who is a developer of residential buildings.According to the agreement A will buy 27 flats at predefined rate & liable to pay the payment till a specified date.Now before the date A sold onward those 27 flats to individuals & arrange for direct BBA(builder buyer agreement ) ,at the time of agreement A has taken some part payment directly & as per agreement balance payment they need to pay directly .

Now the query is how the accounting of all this will be done ,specially any taxes applicable (indirect )?

Querist : Anonymous

Querist : Anonymous (Querist)

12 September 2011 Can any Expert reply on this ,require an opinion on priority ?