Income tax on sale of flat received by the Land owner under JDA.
This query is : Resolved
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Umashankara HB
(Querist)
13 December 2023
When Owner enter JDA and received Cash & Flat both as consideration as per agreements, and if he resold those flats, what would be the cost of acquisition for the flats?
CA R SEETHARAMAN
(Expert)
13 December 2023
Indexed cost of acquisition of land.
Umashankara HB
(Querist)
13 December 2023
Sir not for the land, but for the flats he received & Sold them again? what would be the cost of acquisition?
CA R SEETHARAMAN
(Expert)
13 December 2023
The flats received against land so it will be cost of land to be considered.
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