Landowners in JDAs under tax scrutiny for capital gains evasion: Report
Fri, Nov 15, 2024 10:02 AM

Landowners in JDAs under tax scrutiny for capital gains evasion: Report

A Flip by Avya Verma
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The Central Board of Direct Taxes (CBDT) has launched a nationwide review of joint development agreements (JDAs) to identify individuals & Hindu Undivided Families (HUFs) who may have evaded capital gains taxes on property projects, assessing cases from 2020-21 to 2023-24. The CBDT aims to identify and penalize those who have not paid taxes despite receiving completion or occupation certificates.

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