Eye Share : Taxability of Development rights – A Pandora’s Box - Part I

Though GST has survived its first year in the Indian economy, however, the issue of taxability of development rights still awaits clarity. The controversy has resulted in a scenario wherein people have started avoiding joint development agreements in view of the fact that stakes are high and Industry has already suffered a lot of trauma from tax authorities.Mr. Sandesh Mundra (CA) along with Ms. Pooja Jajwani (CA) attempt to decode the taxability of development...