TMI BlogTaxtation on Joint Development AgreementX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Professionals, Please clarify the taxation on joint development agreement for construction of apartments. Taxation in the hands of Land Holder as well as Building developer. Ex. If land owne ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r give right to builder to construct the building. Land owner and builder share the building 50 each. Land owner get back the 50 of house against the land given. - Reply By Rajesh Shar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ma - The Reply = Hi Sanjay, As per the notification on this behalf there is a service tax liability on the value of flats constructed and transferred by the builder to the land owner. The value nee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds to be determined based on valuation rules. It can be cost of construction or Stamp Duty value as executed for the said constructed house. - Reply By sanjeev bajaj - The Reply = Dear Rajesh Sharma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Pl provide notification no. - Reply By Rajesh Sharma - The Reply = Kindly refer Circular No. 151 /2 /2012-ST. - Taxtation on Joint Development Agreement - Query Started By: - SANJAY B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AHETI Dated:- 1-3-2013 Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanage ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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