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regarding capital gains

25 November 2017

Dear all

I am having a land and given for construction of appartments and in return I am getting 3 flats .
What is the capital gain going to arise for me and how should I do tax planning.
please help me

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4 Replies

Narinder Saini (18 Points)
Replied 25 November 2017

It shall depend on the kind of Joint development agreement which you have signed. As per present law it shall be taxable on receipt of completion certificate from MC / authority

Chandu Chandran (6 Points)
Replied 25 November 2017

tqqqq u

Chandu Chandran (6 Points)
Replied 25 November 2017

but some more explain

Narinder Saini (18 Points)
Replied 25 November 2017

There are whole lot of issues. For the purposes of capital gains, cost of land, number of flats to be constructed, estimated cost of construction of each flat, whether the JDA is registered or not, consideration received at the time of signing of JDA are some of the other issues for working out CG and Year of its taxability.