Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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Issues<br />
(1) What is a reliable estimate <strong>of</strong> outcome <strong>of</strong><br />
transaction <br />
(2) Revenue from contract how ascertained<br />
(3) How to ascertain cost <strong>of</strong> the contract <br />
(4) % <strong>of</strong> work completed<br />
(5) How to deal with expected losses <br />
(6) If reliable estimates not possible