| Question And Answer | |
|---|---|
| Subject: | flats on development of land |
| Category: | Income-Tax |
| Querist: | BKS |
| Answered by: | Law Intern |
| Tags: | Capital Gains, redevelopment, Section 45(5A) |
| Date: | September 11, 2025 |
Is it taxable on signing of DA ?
or only when possession is given ?
U/s 45(5A) capital gains is taxable in the year the certificate of completion is issued by the competent authority and not at the time of signing the DA or handing over possession of the land. This applies for individuals and HUFs.
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Please read 45(5A) carefully. If you are getting only money from dvelopement agreement , then this is not appliacble