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News item in the Economic Times on Judgement by the Income Tax Appellate Tribunal (ITAT) that additional compensation "Corpus Fund" received from builder on redevelopment of project is not taxable.
The above news clipping is just for information, members are requested to consult with their Chartered Accountants and plan their Corpus Fund & Rent and other receipts on redevelopment judiciously.
News item in the Economic Times on Judgement by the Income Tax Appellate Tribunal (ITAT) that additional compensation "Corpus Fund" received from builder on redevelopment of project is not taxable.
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