What is to be thought of as best tax planning tool -legal diffrennce as well as through LTCG or Business income treating
in land held for more than 10 years , given to a developer
(i) should the land owner show as on development basis , with taking around 8 % as present land value of government ready recokner as interest free adjustable / refundable deposit .though land is symbolically given in possession of land developer, No transfer, against sharing of the units to be sold to prosepective buyers .
OR
(ii) should the land owner show it this as a join venture.with taking around 8 % as present land value of government ready recokner as interest free adjustable / refundable deposit .though land is symbolically given in possession of land developer, against sharing of the units to be sold to prospective buyers .
dahaless @ gmail.com
CAclubindia
