Taxation of Land owner under JDA where consideration received by the Developer and Conforming Party
This query is : Open
06 November 2025
We have entered a JDA for construction of Residential Flat and issue the POA to Developer and Coforming Party in the FY 2022-2023 for doing the needful. The Ratio is 45% & 55%.
We have received a sum of consideration from the Developer in the FY 2022-2023 to 2024-2025.
After construction the Conforming Party (Buyer) start to sell the flats after execution of proper agreement duly signed by us as a Land owner, Developer and Conforming Party and the whole consideration duly received by the Developer and Conforming Party.
But in the FY 22-23 to 24-25 we found that, every consideration executed by the Conforming Party reflect in the AIS under our PAN.
We know, there is a Capital Gain for transfer of Land to the Developer and we are ready to pay the liability .
Can any expert advice us, why the whole liability shown under our PAN and how to resolve it.
We have received a sum of consideration from the Developer in the FY 2022-2023 to 2024-2025.
After construction the Conforming Party (Buyer) start to sell the flats after execution of proper agreement duly signed by us as a Land owner, Developer and Conforming Party and the whole consideration duly received by the Developer and Conforming Party.
But in the FY 22-23 to 24-25 we found that, every consideration executed by the Conforming Party reflect in the AIS under our PAN.
We know, there is a Capital Gain for transfer of Land to the Developer and we are ready to pay the liability .
Can any expert advice us, why the whole liability shown under our PAN and how to resolve it.
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