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Redevolpment of bldg in mumbai

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(Querist)
26 November 2024 i own a flat in mumbai - my building is going for redevolpment soon
pls guide how will my accounts be updated with all the rent recd/corpus/shifting
charges /extra area be accounted
pls also guide if the amounts received will be treated as income or not
what happens to cost of my flat which is shown in my balance sheet
thanks PLS GUIDE
THANKS
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 November 2024 1. https://taxguru.in/income-tax/redevelopment-society-tax-implications.html

2. https://www.commonfloor.com/guide/your-guide-for-redevelopment-and-taxation-of-property-part-1-35081.html

3. https://www.commonfloor.com/guide/your-guide-for-redevelopment-and-taxation-of-property-part-2-35100.html
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