TMI BlogINCOME TAX ON CORPUS FUND RECEIVED FROM BUILDERX X X X Extracts X X X X X X X X Extracts X X X X ..... INCOME TAX ON CORPUS FUND RECEIVED FROM BUILDER X X X X Extracts X X X X X X X X Extracts X X X X ..... olony in Mumbai going for redevelopment. Builder is giving corpus fund Rs.25,00,000/- per member (individually in the hands of member). I want to know whether any tax attracts or is there any exempti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on. If it is taxable what is the rate of tax and under which head. How to save the tax in the hands of individuals ????????? Regards Sumedh Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ou have got clarified in the above issue? If not please inform. X X X X Extracts X X X X X X X X Extracts X X X X
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