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Section 45(5A)
What if Co. has entered into joint development agreement and received flats as a share in an agreement, taxability regarding capital gains on flats??
Replies (5)
Yes, when completion certificate obtained, or any flat sold during construction period......... whichever earlier..
What will be then COA for such flats??
The stamp duty value of the Flat/s on the date of issuing of said certificate of completion given to the land owner shall deemed to be COA .
What if Flats are sold before obtaining completion certificate, then what will be the COA?
Sell price of the flat or stamp duty value whichever higher........
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