Tax treatment on redevelopment of property
This query is : Resolved
17 October 2013
One of my clients property will undergo Redevelopment...now all members are agreed to shift to another place for the time being...meantime builder will give each of them some amt as corpus as well as agreed sum as an rental. In agreement both of (corpus and rental ) written as "Hardship Allowance", that both the amts are exempt?
17 October 2013
Hi
Rent paid by builder to Landlord then it is exempt & paid to members is taxable.
Thanks
Rent paid by builder to Landlord then it is exempt & paid to members is taxable.
Thanks
17 October 2013
Hi
Rent paid by builder to Landlord then it is exempt & paid to members is taxable.
Thanks
Rent paid by builder to Landlord then it is exempt & paid to members is taxable.
Thanks
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