https://www.taxtmi.com/article/detailed?id=9198 The document analyses GST and income tax issues arising in Joint Development Agreements, focusing on whether transfer of development rights (TDR) is an immovable property or taxable service, and on valuation controversies where notifications prescribe a deemed one third land deduction and valuation by reference to similar saleable units. It questions the legal validity of valuation machinery issued by rate notifications instead of rules, highlights timing and ITC consequences from changeovers in notifications and rates, and outlines income tax ambiguities under the provision charging capital gains on completion certificates, including scope, timing, indexation and proportionality. en-us Thu, 21 May 2020 09:45:54 +0530 Thu, 21 May 2020 09:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9198 The document analyses GST and income tax issues arising in Joint Development Agreements, focusing on whether transfer of development rights (TDR) is an immovable property or taxable service, and on valuation controversies where notifications prescribe a deemed one third land deduction and valuation by reference to similar saleable units. It questions the legal validity of valuation machinery issued by rate notifications instead of rules, highlights timing and ITC consequences from changeovers in notifications and rates, and outlines income tax ambiguities under the provision charging capital gains on completion certificates, including scope, timing, indexation and proportionality. Articles Goods and Services Tax - GST Thu, 21 May 2020 09:45:54 +0530 https://www.taxtmi.com/article/detailed?id=9198