22 December 2013
in a development agreement between owner of land and builder, out of 50 flat 20 flats will be retain by the owner of the land as against the cost of land and remaining flats will be sold by the builder.
my query is: what is the point of taxation on the 20 flats which are retain by the land owner and what will be the valuation of these 20 flats?
CAclubindia
