16 February 2019
Dear sir, I have entered into JDA. My share was 40% in that JDA. I have received 6 flats. I have sold 2 flats before completion certificate and 4 flats after completion certificate. Now how to calculate capital gain U/s 45(5A). Please guide.
18 February 2019
In my view it shall be considered as business income if activities are considered as business activities. section 45(5) is about compulsory acquisition of assets.
CAclubindia
