Income tax on Premium payment by Developer

Share This Thread
  1. Gaurav Biswas

    Gaurav Biswas New Member

    Dear Sir/ Madam, We own an old property in South Kolkata. As is popular among most landlords, we have decided to engage with a reputed developer for a Joint Venture development of the property. At the time of signing the Joint Development Agreement, the builder has proposed a one time non-refundable premium amount for us. Other than this there will be no transfer of money.

    Our entitlement being a certain share of the constructed property after 24 months. Can you please help us with the tax implications of the same? Also, seek your advice on how exemptions can be claimed. Thank you.
Draft saved Draft deleted
Similar Threads Forum Date
Income Tax on Delay Penalty adjusted by builder in final demand Income Tax Nov 14, 2018
Income Tax Return Filing Date Income Tax Oct 6, 2018
How To Check Income Tax refund Status? - Simple steps by step guide. Income Tax Oct 5, 2018
Section 44AE of Income Tax Income Tax Sep 20, 2018
Income Tax on sale of a house Income Tax Jul 17, 2018