Tax on jda

A person enters in to JDA and he gives his land for development to a builder.

The builder compltes the project and obtains the completion certificate.

Should the land owner pay capital gain when the project is complted.

Or he has to pay tax only when he sells the falts he thus obtained 

 

Replies (1)

Ealier the rules were at the time of jda agreement/possession of land given.

Now it is earlier of receipt of contructed area or any part of constructed area being sold. 

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