sale of part of building

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..... sale of part of building
Query (Issue) Started By: - PARVEEN ARORA Dated:- 20-7-2013 Last Reply Date:- 23-7-2013 Income Tax
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Income Tax
Dear All, Kindly guide me on issue on s .....

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..... ale of 1 Floor out of 4 Floors in a building by a construction company. actually want to know about both issue : 1) if land is purchased by construction company , it build 4 Floor building and sold .....

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..... out 1 floor . 2) if 4 floor finished building was purchased by construction company and sold 1 floor from it. How to calculate the closing stock for the company Kindly oblige Reply By CA GOPALJI .....

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..... AGRAWAL: The Reply: You have to apportion the cost in both cases by approved valuation engineers.
Discussion Forum - Knowledge Sharing .....

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