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Capital gains on development agreement

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(Querist)
19 February 2013 Dear Sir,
Is is correct that landowner has to pay capital gains tax twice.First, when he executes development agreement and again in case he sells his share of flat or flats after getting possession of his share of flats.
Is it possible to get the benefit of exemption u/s 54F on the whole or part of the capital gain?If yes ,HOW?

THANKS!
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sudarshan

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sudarshan (Expert)
20 February 2013 yes. first on transfer of land and again on apartment.

54F can be claimed on transfer of land
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