Society formation

This query is : Open

Premlata Jain (Querist)
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28 March 2011 Dear sir / madam,

I am working as an internal auditor in real estate developers company.

During audit, i came to know that many sites for which possession has been given but still society formation was pending.

But do let me the advantages / disadvantages of not forming a society ,Even if minimum sale condtion is fulfilled??

Thanks in advance..

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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28 March 2011 generally if you registered you can avail many benefit / exemption of incometax .

any inquiry contact:-

http://www.mukeshraj.com/enquiry.html

Premlata Jain

Premlata Jain (Querist)
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31 March 2011 Qyery is whether it is beneficial to the real estate developers if they are not foming society.
if not,
What are the diadvantages to the real estate developers?

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