Taxtation on Joint Development Agreement

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....axtation on Joint Development Agreement<br> Query (Issue) Started By: - SANJAY BAHETI Dated:- 1-3-2013 Last Reply Date:- 23-4-2013 Income Tax<br>Got 3 Replies<br>Income Tax<br>Dear Professionals, Pl....

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....ease clarify the taxation on joint development agreement for construction of apartments. Taxation in the hands of Land Holder as well as Building developer. Ex. If land owner give right to builder to ....

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....construct the building. Land owner and builder share the building 50 each. Land owner get back the 50 of house against the land given. Reply By Rajesh Sharma: The Reply: Hi Sanjay, As per the notif....

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....ication on this behalf there is a service tax liability on the value of flats constructed and transferred by the builder to the land owner. The value needs to be determined based on valuation rules. I....

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....t can be cost of construction or Stamp Duty value as executed for the said constructed house. Reply By sanjeev bajaj: The Reply: Dear Rajesh Sharma Pl provide notification no. Reply By Rajesh Shar....

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....ma: The Reply: Kindly refer Circular No. 151 /2 /2012-ST.<br> Discussion Forum - Knowledge Sharing ....