GST and Capital gain Tax in Joint Dev.Agreement on the share of land owner, Goods and Services Tax - GST

[UpendraKumar Diwan]

I had 1500 SQM land,did JDA 2013 with builder in 35% and 65%.The guideline value of land in 2001-02 was 1200/- per SQM.Now the duplexes are ready for possession of my 35% share i.e.the 3 duplex (constructed area of 108.82,120.7,110.5=340.02 SQM)in lue of the whole land.The guideline value are land=22000/- per SQM and RCC roof house is 32000/-per SQM.Can any body tell me :1.How much GST to be given to builder by me (Land owner)

2.How much capital gain Tax is to be paid to IT Deptt

The fact is that I am not going to sell any duplex and will use 2 units for our residence and 1 unit had to gift to my close near relative.

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

You may approached the expert professionals in this regard.