Joint development agreement's property sold before completion of certificate

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How to deal with sale of property by owner under joint development agreement before getting completion of certificate ???
Replies (3)
PLS refer section 45(5A)..there you'll get answer for your query
Proviso of 45(5A) exclude the case if any share in property sold before COC , now the case will deal according to 45(1) which charge tax in the P.Y. in which transfer takes place and transfer cover exchange also therefore the tax should be charged in the year in which exchange take place that means the year of agreement and the same was made in F.Y. 2016-17 . Now we can't revise the return for the F.Y. 2016-17 so please tell me the safer side about how to deal with the case in the current F.Y. ???

very interesrting query


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