Query on Capital Gains in the case of JDA

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  1. manju1438

    manju1438 New Member

    I gave my 1 Acre land (which was bought by me on AY 2003-04) to JDA on AY 2011-12 to a developer. I was allotted 12 flats (Along with UDS) for my share of land. I started selling my share of flats 6 each a year in AY 2013-14 and 2014-15.

    My cost of Acquisition of 1 Acre land (4840 Sq Yards) in AY 2003-04: Rs. 03 Lakhs.

    As per JDA in 2011-12 : I was allotted to 360 Sq Yards of Undivided Share of Land (UDS) with 12 flats (4800 Sq ft of builtup area).

    In the year AY 2013-14, I sold 6 flats – 60 Sy of UDS and 2400 of builtup area for a sale consideration of Rs. 3 Crores.

    Please help me out with Capital Gains calculation for AYs 2011-12 and 2013-14.
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