type of loss

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Assistant
719 Points Posted on 29 September 2018
If a property developer paid advance towards plot but the transaction could not be completed & payee forfeit the amount then its a business or capital loss to a property developer/builder ????
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On 29 September 2018 at 17:22 Report
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Chartered Accountant
4524 Points Posted on 29 September 2018
it is a business loss for property builder.
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On 29 September 2018 at 17:58

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