https://www.taxtmi.com/manuals?id=948 Advance money received in transfer negotiations is deducted from the cost base when forfeited and not separately taxed, but no deduction is allowed where the advance has already been included in total income. Under the earlier regime, forfeited advance money was reduced from cost, fair market value, or written down value, while amounts forfeited on or after 01.04.2014 were treated as Income from Other Sources and not reduced from cost. For the buyer, forfeited purchase money is not treated as capital loss. en-us Tue, 25 Aug 2015 15:00:00 +0530 Mon, 08 Jun 2026 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=948 Advance money received in transfer negotiations is deducted from the cost base when forfeited and not separately taxed, but no deduction is allowed where the advance has already been included in total income. Under the earlier regime, forfeited advance money was reduced from cost, fair market value, or written down value, while amounts forfeited on or after 01.04.2014 were treated as Income from Other Sources and not reduced from cost. For the buyer, forfeited purchase money is not treated as capital loss. Manuals Income Tax Tue, 25 Aug 2015 15:00:00 +0530 https://www.taxtmi.com/manuals?id=948