Capital gains exemption JDA
This query is : Resolved
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
CA R SEETHARAMAN
(Expert)
23 September 2017
Capital gains arising on account of joint development agreement (JDA) is not exempt in the hands of land owner
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 ???
CA R SEETHARAMAN
(Expert)
23 September 2017
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