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Q. > Please Help: Joint Development agreement
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998 views • Question added Jan 11, 2020 • Income Tax • By vishalpukale , CA , Solapur


Dear Sir,
In case of Joint Development agreement as per general practice the landowner gives land to
builder, then builder will gives some flats to landowner as per agreement.
1)Whether the accounting entires need to pass in the books of builder for flats given to
landowner ?
2) Whether the Flats given to landowner will be considered as turnover as per income tax Act ?

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