SIR/MADAM,
EXTRA BENEFIT RECEIVED ON REDEVELOPMENT OF EXISTING FLAT, i.e. 20% ADDITIONAL CARPET AREA WHICH IS PROVIDED BY THE DEVELOPERS FREE OF COST ,
WHAT IS THE TAX TREATMENT UNDER THE INCOME TAX ACT?
THANK YOU ALL IN ADVANCED…..
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INCOME TAX
Replies (4)
Hi Virag,
I know I m not replying to ur question but then I am asking a question, which is simple than urs.........:)
Just a food for your thoughts -
Taxability of "Buy one get one free" offers? - with regards to anything pen, soap,etc
Since it does not involve any outflow of money there is no separate treatment for the same. and since no outflow of cash involved no entry in books of accounts either.
i want the list of all sections in income tax
Refer income tax act.......1961
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