Section 45 (5A)- Applicable in case of Land Transfer/ Sold Against Consideration in Monetary and Non Monetary

In Case of Transfer ownership of Land to Developers by Landowner (Individual) against consideration in Area and some money.   Q1. whether this is covered under Section 45 (5A), as it is not a Development Agreement?   Q2. In this Case Developers Purchase Capital Asset - Land from Landowner and Developers name will be mentioned on Revenue Record as Landowner?   Q3. Whether Landowner Income Tax Liability will postponed to Future Date on the date of OC

► Read Answer