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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Capital gains - transfer u/s 2(47) - Assessee entered into JDA ...


Joint Development Agreement Triggers Capital Gains Tax under Income Tax Act Section 2(47) for 50% Built-up Area Share.

November 21, 2013

Case Laws     Income Tax     AT

Capital gains - transfer u/s 2(47) - Assessee entered into JDA agreement - As per the agreement, the assessee is entitled for 50% of built up area - held as liable to tax as capital gains - AT

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