Builder allowed to adopt project completion method instead of percentage completion if there was no diff. profit reported: HC

INCOME TAX : Where assessee real estate builder and a developer, followed project completion method of accounting and offered its income to tax in subsequent assessment year 2007-08 instead of adopting percentage completion method and offering income in relevant assessment year 2006-07 as viewed by revenue,INCOME TAX : Where assessee real estate builder and a developer, followed project completion method of accounting and offered its income to tax in subsequent assessment year 2007-08 instead of adopting percentage completion method and offering income in relevant assessment year 2006-07 as viewed by revenue,www.taxmann.com Latest Case LawsRead More

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