26 October 2017
Hi Sir/Ma'am
Please let me know, if an individual (i.e.A) sell his share in JDA before getting completion certificate from competent authority, then what will be the date of transfer....
Either The date when capital asset is t/f to develover OR the date when A sell his share...
26 October 2017
The date when A sell his share is the date of transfer to determine the capital gains on the transfer of share in JDA. Inference - proviso to section 45(5A).
CAclubindia
