Hi eminents,
my co deals in land development i.e. purchasing land from farmers and selling plots to customers after some development viz road,plantation etc ...the difference/profit is taxable @ 25.17% corporate tax....as far i have little knowledge of tax saving...investing profit in reals estate facilitates tax completely. i want to have precise information with section/notification of the same along with practical approach. kindly let me know accordingly.
regards
vikas