23 November 2012
Now a days there is an increasing tendency of developers to develop properties in Joint Venture. There are following combinations / forms of development.
1) To Share constructed areas - say 60 : 40 2) To share the Gross-Net-Sale proceeds 3) To execute the sale deed and to pass the title & get construction in lieu of consideration. 4) To share the constructed areas and the owner giving authority to sale his constructed premises.
Whether Taxation i.e. Capital Gain (Income Tax) would be the same ?
CAclubindia
