I have query is regarding the capital gain tax to be considered on Joint development date or the date of converted lands from agricultural lands to residential lands.
The date of JDI is 11/8/2003 & the conversation date is 11/11/2003 . So what is my capital gain tax for the year ?
The joint development was signed on 11/Aug/2003 , during the time of agreement it was agricultural lands . The agricultural lands was converted to residential lands on the same year at 11/Nov/2008 .
So, my question is the capital gain tax to calculated on date of Joint development or on converted lands . If , I need to calculate the capital gain on Joint development . Any case laws available ?