Section 43ca
This query is : Resolved
19 July 2014
A Pvt Ltd is a construction company. Customer Mr.C has booked a flat in the financial year 2008-09 and a part consideration is also received in cheque. The flat is registered in the F.Y.: 2013-14, whether section 43CA of the Act is applicable?
A Pvt Ltd is following percentage completion method. Building is still underconstruction. Whether taxability deemed to be income in year of agreement / registration of agreement OR still can be said to be taxable only as per the method of accounting followed?
Please reply.
A Pvt Ltd is following percentage completion method. Building is still underconstruction. Whether taxability deemed to be income in year of agreement / registration of agreement OR still can be said to be taxable only as per the method of accounting followed?
Please reply.
20 July 2014
YES, SECTION 43CA IS APPLICABLE.
TAXABILITY IS AT THE TIME OF SALE.
TAXABILITY IS AT THE TIME OF SALE.
20 July 2014
YES, SECTION 43CA IS APPLICABLE.
TAXABILITY IS AT THE TIME OF SALE.
TAXABILITY IS AT THE TIME OF SALE.
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