banner_ad

Tax Treatment of Corpus Fund received From Builder

1284 views 4 replies
User Avatar

Student CA IPC / IPCC
24 Points Posted on 08 August 2019
The builder has Deducted TDS of Corpus Fund U/S 194IC then Corpus fund is taxable or non taxable??
Reply Share Follow
On 08 August 2019 at 23:34 Report
Replies (4)
User Avatar

SEO Sai Gr. Hosp.
211572 Points Posted on 09 August 2019

Its taxable u/h. capital gains; but at the time of receipt of Completion Certificate.

581 Reply
On 09 August 2019 at 11:04
User Avatar

17264 Points Posted on 09 August 2019
I think mutuality concept applies and hence may not be taxable in the hands of Co-operative Housing Society.
101 Reply
On 09 August 2019 at 11:15
User Avatar

Student CA IPC / IPCC
24 Points Posted on 10 August 2019
but the TDS has been deducted ?
Reply
On 10 August 2019 at 09:23
User Avatar

SEO Sai Gr. Hosp.
211572 Points Posted on 10 August 2019

Yes, and the same can be carried forward during filing of ITR till its taxability.

581 Reply
On 10 August 2019 at 10:11


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details