Analysis of Section 45(5A) of Income Tax Act, 1961

Sub section (5A) to section 45 has been inserted under the Income Tax Act, 1961 to provide taxability of capital gains arising to the land owner being Individual or HUF, in case of transfer of land or building or both to the developer under a joint development agreement which is in the nature of ‘specified agreement’.Sub section (5A) to section 45 has been inserted under the Income Tax Act, 1961 to provide taxability of capital gains arising to the land owner being Individual or HUF, in case of transfer of land or building or both to the developer under a joint development agreement which is in the nature of ‘specified agreement’.taxmann.com Latest ArticlesRead More

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