Hi.
My query is that I have entered into a JDA with a developer for developing my land. The total construction is 30000 sq.ft and my share is 10000sq ft and 50 Lakhs. How do I calculate my capital gains tax in this scenario. The land in question is an inherited land bought in early 1900s. Kindly advise
COA will be valution obtained from registered valuer as on date 01.04.2001.
Sell value will be stamp duaty valuation of the area received as on completion date, included 50 lakhs.
ADY & CO.
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Abic and Mani Chartered Accountants
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