banner_ad

CAPITAL GAIN ON JDA OF LAND ?

This query is : Resolved 

25 March 2024 A PERSON PURCHASED LAND IN 2011 FOR 25 LAKH. GIVEN THAT PROPERTY FOR FOR DEVELOPMENT WITH REGD. JDA ON 28.03.22 (STAMP DUTY VALUE 66 LAKH). IN CONSIDERATION HE WILL RECEIVED 10 FLATS. PROJECT WILL COMPLETE IN 2025. PERSON SOLD TWO FLATS IN THE YEAR 2022-23. CONSTRUCTION IS GOING ON. WAHT WILL BE TAX IMPLICATION. PLEASE GUIDE.

05 May 2024 LTCG liability will arise as and when flats are sold in between. For remaining at the time CC being issued.

08 September 2024 Good Luck.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details