Pls help me with this doubt:
As per the Joint Development Agreement there exists RENT payment from Builder to REO(Real estate owner). As the possession is transferred to builder for redevelopment of property so capital gain is charged as per sec 45(5A) in the year of certificate is received.Then whether Rental income will be charged to HP or to capital gain u/s 45(5A) or charged in IFOS ?
CAclubindia
