One limited company is having a business income from construction, developement & sale of residential and commercial flats.
Whether the income from the said sale of flats can be exempted from Income tax,
If yes, please specify the sections.
CA Suraj Prasad Shaw (Chartered Accountant) (504 Points)
02 June 2012One limited company is having a business income from construction, developement & sale of residential and commercial flats.
Whether the income from the said sale of flats can be exempted from Income tax,
If yes, please specify the sections.
ca nishajain
(ca)
(28 Points)
Replied 02 June 2012
comapny can claim deductions under chapter VI-A heading -C
CAclubindia
