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Income tax on sale of flat received by the Land owner under JDA.

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(Querist)
13 December 2023 When Owner enter JDA and received Cash & Flat both as consideration as per agreements, and if he resold those flats, what would be the cost of acquisition for the flats?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 December 2023 Indexed cost of acquisition of land.
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Umashankara HB

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Umashankara HB (Querist)
13 December 2023 Sir not for the land, but for the flats he received & Sold them again? what would be the cost of acquisition?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 December 2023 The flats received against land so it will be cost of land to be considered.

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