Tax on Society & Builder Agreement for Flat Construction

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  1. ajitp50

    ajitp50 New Member

    Hi Experts,

    would like to understand that,

    A Co-op. Housing society is getting few flats duly constructed under development agreement with the Builder.
    Society wishes to sell the same through tenders. whether sale proceeds is taxable and if so how it calculates.
    this amount is in few Crores.

    Regds

    Ajit
     
  2. ajitp50

    ajitp50 New Member

    Hi Experts,

    kindly revert on this issue on priority

    Best Regds,

    Ajit
     
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