Income tax on sale of flat received by the Land owner under JDA.

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This discussion clarifies the tax treatment for landowners who receive flats and cash under a Joint Development Agreement (JDA) and subsequently sell those flats. The key point is that the cost of acquisition for the resold flats is considered to be the indexed cost of the original land provided to the developer.

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(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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 December 2023 Indexed cost of acquisition of land.
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Umashankara HB

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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?
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CA R SEETHARAMAN

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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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