banner_ad

Joint development agreement's property sold before completion of certificate

287 views 3 replies
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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details