Joint Development Agreement of Land
Query (Issue) Started By: – UpendraKumar Diwan Dated:- 20-2-2018 Last Reply Date:- 21-2-2018 Goods and Services Tax – GST
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GST
GST and Capital gain Tax in Joint Dev.Agreement on the share of land owner
I had 1500 SQM land,did JDA 2013 with builder in 35% and 65%.The guideline value of land in 2001-02 was 1200/- per SQM.Now the duplexes are ready for possession of my 35% share i.e.the 3 duplex (constructed area of 108.82,120.7,110.5=340.02 SQM)in lue of the whole land.The guideline value are land=22000/- per SQM and RCC roof house is 32000/-per SQM.Can any body tell me :1.How much GST to be given to builder by me (Land owner)
2.How much capital gain Tax is to be paid to IT Deptt
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