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taxability of co operative housing society

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(Querist)
02 June 2008 What are the tax implications in co.op. hsg. society? Transfer fees recd. by the society is taxable or not? what are the fundamental rules for liability of income tax in case of co op housing society?
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
02 June 2008 transfer fee is capital receipt to be capitalised

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