| Question And Answer | |
|---|---|
| Subject: | JDA joint dev agreements |
| Category: | Income-Tax |
| Querist: | bs |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | JDA, Joint Development Agreement |
| Date: | December 19, 2022 |
1] If an owner of land/bldg is other than individual or huf , will JDA attract capital gain tax u/s 2[47] soon upon registering the same in the case where only area sharing is fixed as consideration ? If yes, what shall be its valuation ? Will it make any difference if huge refundable securities is paid to owner by co-developer, which is over and above are sharing ?
2] Will it make any difference, if JDA agreement is unregistered ?
3] Will section 50D come into play in both above cases ?
Reply of the Expert is awaited. Please check back later
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