https://www.taxtmi.com/highlights?id=55509 Capital gain - Joint Development Agreement entered - transfer of the land u/s 2(47) - LTCG shall be chargeable to income tax as his income of the previous year in which the land is transferred, and for the purpose of section 48 of the Act, the fair market value of the land on the dated of introducing the land in the Joint Venture shall be deemed to be the full value of the consideration received or accrued as a result of the transfer of the land. - AT en-us Fri, 13 Nov 2020 20:47:58 +0530 Fri, 13 Nov 2020 20:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55509 Capital gain - Joint Development Agreement entered - transfer of the land u/s 2(47) - LTCG shall be chargeable to income tax as his income of the previous year in which the land is transferred, and for the purpose of section 48 of the Act, the fair market value of the land on the dated of introducing the land in the Joint Venture shall be deemed to be the full value of the consideration received or accrued as a result of the transfer of the land. - AT Highlights Income Tax Fri, 13 Nov 2020 20:47:58 +0530 https://www.taxtmi.com/highlights?id=55509