{"id":46796,"date":"2024-09-28T13:52:47","date_gmt":"2024-09-28T08:22:47","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=46796"},"modified":"2024-12-01T07:42:34","modified_gmt":"2024-12-01T02:12:34","slug":"section-45-5a-applicable-in-case-of-land-transfer-sold-against-consideration-in-monetary-and-non-monetary","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/section-45-5a-applicable-in-case-of-land-transfer-sold-against-consideration-in-monetary-and-non-monetary\/","title":{"rendered":"Section 45 (5A)- Applicable in case of Land Transfer\/ Sold Against Consideration in Monetary and Non Monetary"},"content":{"rendered":"<p>In Case of Transfer ownership of Land to Developers by Landowner (Individual) against consideration in Area and some money.<\/p>\n<p>&nbsp;<\/p>\n<p>Q1. whether this is covered under Section 45 (5A), as it is not a Development Agreement?<\/p>\n<p>&nbsp;<\/p>\n<p>Q2. In this Case Developers Purchase Capital Asset &#8211; Land from Landowner and Developers name will be mentioned on Revenue Record as Landowner?<\/p>\n<p>&nbsp;<\/p>\n<p>Q3. Whether Landowner\u00a0Income Tax Liability will\u00a0postponed\u00a0to Future Date on the date of OC<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1127],"qa_category":[23],"qa_tag":[24,489,1242,1243,1244],"class_list":["post-46796","qa","type-qa","status-publish","hentry","qa_expert-mrs-prem-lata-bansal","qa_category-income-tax","qa_tag-capital-gains","qa_tag-development-agreement","qa_tag-land-transfer","qa_tag-monetary-and-non-monetary","qa_tag-occupation-certificateoc"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/46796","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=46796"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=46796"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=46796"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=46796"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=46796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}