Capital Gain - date of transfer of land or building under a specified agreement (e.f. Joint Development Agreement (JDA)) - method of valuation in such cases - Budget 2017-18 w.e.f. AY 2018-19

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Full Text of the Document

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....mend section 45 of the Income-tax Act relating to Capital gains. Under the existing provisions of the said section, the Capital gains is chargeable in the year in which transfer takes place except in certain cases as provided in the said section. It is proposed to insert a new sub-section (5A) in the said section so as to provide that where the Capital gains arises to an assessee being an indivi....