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Taxablity of corpus fund handed over by builder to soceity member

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21 June 2024 Dear Sir,

We have received corpus fund from builder & come to know that buider had not discharged any GST Liability on said fund. Will it be taxable in the hand of society?

Futher, corpus fund handed over after completion of Occupation certificate than what would be treatement?

21 June 2024 Receipt of corpus fund is a capital receipt and hence non taxable.

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