Capital gain calculation u/s 45(5a)
This query is : Resolved
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.
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.
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