capital gain

141 views 1 replies
Land and owner entering
into agreement under JOINT DEVELOPMENT AGREEMENT for development of agriculture land or any land for development into layout or plot ( Not flat ).

when will chargeabillity arise under Income tax , whether at the time of JDA OR sale of plot to customer ?
Replies (1)

Depends upon terms of agreement, possession transfer, rights given to developer over land etc.

It can be at both end.


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