https://www.taxtmi.com/forum/issue?id=119054 Execution of a joint development agreement and delivery of possession to a developer constitutes a transfer attracting capital gain; however, for individuals and HUFs gains from land or building under a specified agreement are deferred and taxed in the year the competent authority issues the project completion certificate. If the owner transfers his project share before that certificate, gains arise in that year. Sale consideration for computation is the stamp duty value of the owner's share on the certificate date plus any cash received, and developers must deduct TDS on additional payments to landowners. en-us Tue, 02 Apr 2024 13:21:47 +0530 Fri, 24 Jan 2025 10:40:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119054 Execution of a joint development agreement and delivery of possession to a developer constitutes a transfer attracting capital gain; however, for individuals and HUFs gains from land or building under a specified agreement are deferred and taxed in the year the competent authority issues the project completion certificate. If the owner transfers his project share before that certificate, gains arise in that year. Sale consideration for computation is the stamp duty value of the owner's share on the certificate date plus any cash received, and developers must deduct TDS on additional payments to landowners. Discussion-Forum Income Tax Tue, 02 Apr 2024 13:21:47 +0530 https://www.taxtmi.com/forum/issue?id=119054