development agreement tax issues

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..... development agreement tax issues
Query (Issue) Started By: - Gagandeep Singh Dated:- 12-12-2014 Last Reply Date:- 16-1-2016 Income Tax
Got 1 Reply
Income Tax
Hello SirI (land owner) have .....

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..... entered into a development agreement with a developer for construction of residential flats on my land. The owner allocation will be 40% of the constructed area while the developer will take away .....

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..... rest 60% and have the rights to sake his part. Whereas the land owner has received his 40% of constructed area he has kept it as it is (he had not sold his part and the rights are with him).I .....

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..... want to know will any tax be levied on the land owner as there is no cash transaction and he only received 40% of the constructed part. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you hav .....

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..... e got clarified in the above issue? If not please inform.
Discussion Forum - Knowledge Sharing .....

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