I SHEEK EXPERT ADVICE ON TAX TRATMENT ON FOLLOWING ISSUE :
1) CORPUS FUND RECEIVED BY A MEMBER FROM THE BUILDER FOR REDEVELOPMENT OF OLD RESIDENTIAL BUILDING. PAYMENT DIRECTLY MADE TO MEMBER.
2) CORPUS GIVEN TO SOCIETY AND CREDITED IN MEMBERS A/C. FUND REMAIN WITH THE SOCIETY.
3) WHAT SHALL BE IMPLICATIONS FOR THE EXTRA / ADDITIONAL AREA GIVEN BY THE BUILDER. WOULD IT BE TAXABLE AS A CAPITAL GAIN.
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