Special provisions for computation of capital gains in case of joint development agreement - (New) Section 67(14) / (Old) Section 45(5A)

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....Irrespective of anything contained in section 67(1) Conditions for applicability of Section 67(14) Section 67(14) applies only when all the following conditions are satisfied: • The transferor is: • an Individual, or • a Hindu Undivided Family (HUF). • The capital asset transferred is: • land, or • building, or ....

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....deration  Full value of consideration = Stamp Duty Value (SDV) of the owner's share in the completed project on the date of completion certificate + Cash consideration received from developer Exception [ Section 67(16) ] The provisions of section 67(14) shall not apply, if the person transfers his share in the project on or before the date of issue of the certifica....

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....sed by the consideration received in cash any consideration received in cash or by a cheque or draft or by any other mode [ substituted by FA 2023 ], if any, shall be deemed to be the full value of consideration as a result of transfer of the asset. Provided that these provisions shall not apply where the assessee transfers his share in the project on or before the issue of certi....