{"id":29899,"date":"2022-09-22T14:44:35","date_gmt":"2022-09-22T09:14:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=29899"},"modified":"2022-09-22T14:44:35","modified_gmt":"2022-09-22T09:14:35","slug":"sec-455a-of-income-tax-act","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/sec-455a-of-income-tax-act\/","title":{"rendered":"SEc. 45(5A) of Income Tax Act"},"content":{"rendered":"<p>1. Section 45 (5 A) of Income tax Act 1961 would not apply where the assessee transfers<br \/>\nhis share in the project on or before the date of issue of the<br \/>\nsaid certificate of completion.<br \/>\n<strong>Issues :<\/strong><br \/>\n<strong>1.Meaning of share in the project<\/strong><\/p>\n<p>-Is it interest in the project or<\/p>\n<p>-Is it his share being land or building or<\/p>\n<p>-both in the project<br \/>\n&#8211; Since Former would not require any specific identification whereas<br \/>\nthe latter requires the completion of building as well as specific identification<\/p>\n<p>2.<strong>Does the proviso apply only when the share in the project is<\/strong><br \/>\n<strong>fully transferred or would it apply even if the share is partly<\/strong><br \/>\n<strong>transferred?<\/strong><\/p>\n<p>pl guide<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[700,701],"class_list":["post-29899","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-share-in-the-project","qa_tag-transfer-of-share"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/29899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=29899"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29899"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=29899"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=29899"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=29899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}