sale consideration in case of transfer of property to developer, Income Tax

[ashish saboo]

I have made an development agreement with the developer to construct a multistored building on the land for A.Y 2016-17 which in return i will hold the 40%of the constructed area

.So whether the transfer took place as per 2(47) (V) read with sec53 A of the immovable property Act, and what will be the consideration amount.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Your query is not clear.