Taxation Of Joint Development Agreement For Individual Land Owners

A land owner and a builder enter into a joint development agreement to get a building constructed. Such types of arrangements are beneficial to both the parties but the income tax implications also need to be taken care of. By the end of this video you’ll get an understanding of the specific tax implications that both parties need to be mindful of

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Timestamps
00:00 Introduction
00:42 What is a Joint Development Agreement?
01:16 Taxability in the hand of Developer
01:31 Taxability in the hand of Landowner
02:23 Taxability of Capital gain- Section 45(5A)
03:40 Illustrations
06:48 Liability to deduct TDS (Section 194-IC)
07:03 Conclusion

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