TAXATION OF JOINT DEVELOPMENT AGREEMENT

08 August 2018

What will be the year of transfer and the sale consideration for land in case of joint development agreement between 2 companies.!?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178226 Points)
Replied 13 August 2018

Market value of the constructed area received by owner on the date of completion.

FY in which completion certificate obtained by developer; unless any area sold by owner before that.

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sunil mandal (63 Points)
Replied 13 August 2018

That is for ind & huf,, I am asking for company

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178226 Points)
Replied 13 August 2018

No change......... as per transfer of property act.......

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