Taxability of condominium
This query is : Resolved
13 December 2013
Can please any one tell me how is condominum in india treated under incometax act....
13 December 2013
pls explain what is condominimum.
14 December 2013
condominium is owning of flat, its surrounding space and air space..... owner is not interested in common ground/lane/ garden....
14 December 2013
condominium is owning of flat, its surrounding space and air space..... owner is not interested in common ground/lane/ garden....
15 December 2013
if its charegeable to capital gain if its a capital asset.
16 December 2013
please use google "condominium " is a status "like AOP co etc, "person" but not accepted in india under income tax act nor it has any legal act controlling it
16 December 2013
please use google "condominium " is a status "like AOP co etc, "person" but not accepted in india under income tax act nor it has any legal act controlling it. but people have started to form it in notion to avoid tax........which is PRACTICALLY NOT ACCEPTABLE.....hence i want to know if any one have come across such a situation and had taken steps
16 December 2013
then it will be covered under artificial jurisdictional person under sec 2- def of person.
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