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Sec 43ac

This query is : Resolved 
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(Querist)
20 October 2014 hello all experts, sir my query is relevant to sec 43ca on of my client is builder he has sell residence flat and amount recieve bloew market value of property is balance amount is deemed to be income and laible for tax ..its arzent pl reply.. thanks
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 October 2014 yes. very much...the difference shall be taxed as income...
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