Capital Gain liability of Landowner
This query is : Resolved
06 December 2025
I have a JDA with the Developer on 19.04.2013 with ( 45% of mine as a Land owner and 55% of Developer). Developer complete the project in the Year 2023-24. Completion Certificate received on 22.04.2023. After that the Developer start to pay the consideration to me in the Year 2023-24 and 2024-25.
I know that I have to pay CG tax in the Year 2023-24 but what about the consideration money received in the Year 2024-25. Is CG tax are applicable on this ??? if Yes, than what is my COA.
Help me to advice this please
I know that I have to pay CG tax in the Year 2023-24 but what about the consideration money received in the Year 2024-25. Is CG tax are applicable on this ??? if Yes, than what is my COA.
Help me to advice this please
06 December 2025
Capital Gains apply ONLY in FY 2023–24
(because completion certificate issued on 22.04.2023)
✔ Consideration received in FY 2024–25 is NOT separately taxable.
It is only the remaining part of the consideration already taxable in 2023–24.
✔ Your COA will be indexed up to FY 2023–24.
You do NOT pay capital gains twice.
(because completion certificate issued on 22.04.2023)
✔ Consideration received in FY 2024–25 is NOT separately taxable.
It is only the remaining part of the consideration already taxable in 2023–24.
✔ Your COA will be indexed up to FY 2023–24.
You do NOT pay capital gains twice.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Form 10BD Filling
- Eway bill for machinery reparing
- TDS ON CASH WITHDRAWALS...
- Query regarding TDS on EPFO Higher Pension Arrears*
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
