23 September 2017
Is the capital gains arising on account of joint development agreement (JDA) exempt in the hands of land owner , if such JDA is entered with developer of housing projects for EWS and LIG???
please can somebody revert on my query!!
many thanks in advance
23 September 2017
profits arising on account developing or building housing project is 100% allowed as deduction u/s 80-IB in the hands of developer.
so , the land owner who entered into JDA with developer is not allowed any exemption ???
CAclubindia
