Rental income belongs to the partnership firm and capital gains are taxable in A.Y. 2005-06.
Rental income belongs to the partnership firm and capital gains are taxable in A.Y. 2005-06. Issue Whether rental income from a constructed property in a Joint Development Agreement (JDA) can be taxed as undisclosed income in the hands of individual landowners, whether capital gains under a registered JDA executed in 2005 are chargeable in A.Y.… Read More »