Tax implications on sale of under construction flats when flats are under joint development agreement
vishwanath reddy k (Accounting Auditing Tax consultant) (31 Points)
08 December 2016vishwanath reddy k (Accounting Auditing Tax consultant) (31 Points)
08 December 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160609 Points)
Replied 08 December 2016
Depends upon the treatment of capital gain paid over land, if any, at the time of JD agreement, and other conditions stipulated in it.