Taxation of Land owner under JDA where consideration received by the Developer and Conforming Party
This query is : Resolved
Quick Summary
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.
06 November 2025
1. It is declared in your PAN. as the confirming party has acted on your behalf as POA holder.
2. For the amount of flats belonging to developer portion has to be rectified in AIS as 'pertains to developer (declare his PAN)' by filing feedback.
2. For the amount of flats belonging to developer portion has to be rectified in AIS as 'pertains to developer (declare his PAN)' by filing feedback.
09 November 2025
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