TMI Blogdevelopment agreement tax issuesX X X X Extracts X X X X X X X X Extracts X X X X ..... Hello SirI (land owner) have 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the developer will take away 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 an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d the rights are with him).I 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 GOVINDARAJ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AN - The Reply = Whether you have got clarified in the above issue? If not please inform. - development agreement tax issues - Query Started By: - Gagandeep Singh Dated:- 12-12-2014 Income Tax - G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ot 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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