SECTION 50C

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..... SECTION 50C
Query (Issue) Started By: - RAVI SONI Dated:- 30-6-2015 Income Tax
Income Tax
An individual Mr. X is a owner of land and 3 years ago he has entered into a joint development agree .....

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..... ment with developer which is a Private Limited Company. The developer had agreed to construct a residential complex and it will transfer certain no. of flats to Mr. X in consideration of the land. On .....

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..... final completion of project developer transferred 40 flats to Mr. X and all the flats were sold by Mr. X. In this regard I want to know since Mr. X transferred a vacant land to developer therefore Se .....

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..... ction 50C will be applicable to on account of land or else on flats.
Discussion Forum - Knowledge Sharing .....

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