TaxTMI 
TaxTMI 
Real Estate JDA Capital Gain Tax
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....eal Estate JDA Capital Gain Tax<br> Query (Issue) Started By: - Praveen kumar Dated:- 21-2-2019 Last Reply Date:- 24-2-2019 Income Tax<br>Got 2 Replies<br>Income Tax<br>We have a piece of land and we ....
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....entered into a JDA on Year 2016 (Prior to GST Implementation, July 1st 2017) and Entered Supplementary Agreement, SA in October 2017 for the development of it with a reputed builder. The land was bou....
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....ght by my grand father in 1957. The same has been inherited by my father (current sole owner) and he entered into this JDA. As per JDA we will be getting 7 flats as part of JDA. Now my questions ar....
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....e Do we need to pay Capital Gain Tax we have to pay once the possession is given to my father by the builder? Even if we not sell any flats still on getting possession do we need to pay Capital Gains....
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.... Tax? if we need to pay capital gain taxes, are they considered as Long Term OR Short Term Capital Gain Tax ? Thanks Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Your father is receiving 7 flats....
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.... instead of money. Therefore the date of transfer of flats to your father will the date for deciding the capital gain tax. This is the long term capital gains tax. Reply By Praveen kumar: The Reply:....
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.... Thank you for your valuable response.<br> Discussion Forum - Knowledge Sharing ....