Section 45(5A) - Special provisions for computation of capital gains in case of joint development agreement

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..... ng land or building or both, under a specified agreement, then the capital gains shall be chargeable in the previous year in which the certificate of completion of the whole or part of the project is issued by the competent authority, and the stamp duty value, on the date of issue of certificate, of his share, as increased by the consideration received in cash any consideration received in cash or .....

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..... is share in the land/building before the date of issuance of such completion certificate. Section 49(7) : COA of share received in JDA COA = Amount deemed as FVOC u/s 45(5A) (SDV of share in project). NOTE:- 'Specified Agreement' means a registered agreement in which a person owing land or building or both, agrees to allow another person to develop a real estate project on such property, i .....

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