Capital gain
This query is : Resolved
02 April 2018
Dear Experts
A owns 5 cents of land. B constructs a property on A's land. Entire Insvestment is made by B only. The property is sold after the construction and the profits are shared on a agreed basis between A and B.
How does the taxability arise. Capital gains is payable by A or B?
Please Guide
A owns 5 cents of land. B constructs a property on A's land. Entire Insvestment is made by B only. The property is sold after the construction and the profits are shared on a agreed basis between A and B.
How does the taxability arise. Capital gains is payable by A or B?
Please Guide
05 April 2018
if there is a firm agreement on the revenue sharing, then the capital invested doesn't matter. Each person will calculate his gains based his share of revenue less his costs.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- TDS related Query_Liquidated Damages
- Long Term Service award taxability in hands of company
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Soyabean hsn code and gst rate
- NON- SUBMISSION OF LLP FORM 3
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
