Income Tax on capital gains in case of joint development agreement
CIRCULAR No. 2/2018 Dated 15.02.2018 25. Special provisions for computation of capital gains in case of joint development agreement. 25.1 Under the provisions of section 45 of the Income-tax Act, capital gain is chargeable to tax in the year in which transfer takes place except in certain cases. The definition of ‘transfer’ includes inter alia any… Read More »