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jda n LTCG

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government employee
225 Points Posted on 06 February 2019
JDA has entered with builder in the FY 2016 and sold in the AY 2018. WHAT IS THE LTCG Liability whether in Ay 17 or in 18. please let me know.
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On 06 February 2019 at 12:35 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 06 February 2019

AY 2018-19.

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On 06 February 2019 at 12:49
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SEO Sai Gr. Hosp.
211715 Points Posted on 06 February 2019

But if registered deed in FY 2016-17, then liability arises in AY 2017-18.

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On 06 February 2019 at 12:51
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government employee
225 Points Posted on 06 February 2019
DEED WAS REGISTERED IN 2017 FY.
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On 06 February 2019 at 15:54
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SEO Sai Gr. Hosp.
211715 Points Posted on 06 February 2019

FY 2017-18?

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On 06 February 2019 at 16:26
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government employee
225 Points Posted on 06 February 2019
yes sir.I think that the capital gains would result in the year of entry of agreement for JDA N AS per 45(5A) if the JDA is entered after 1-4-17 then LTCG would be resulted in the year of handing over of the property. Isn't it sir?
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On 06 February 2019 at 17:57
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SEO Sai Gr. Hosp.
211715 Points Posted on 06 February 2019

Section 45(5A) of IT act Inserted by the Finance Act, 2017  effective from FY 2017-18 ...

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On 06 February 2019 at 18:04


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