No. In case of JDA,sale consideration is any cash received from the builder and some units of constructed flats or apartments. Rent is to compensate you for your temporary stay.
JDA concept
Is the development given by the JDA will be included in the sale consideration of the property? For eg: Under JDA they have given Rs:20000 for rent to stay in an another room to stay until the completion of the Property? will this amount be included in the Sale Consideration?
Asked 6 years ago in Capital Gains Tax
then how that amount will shown and for the developer or builder it will be expenses only knw
Asked 6 years ago
Yes it be expenses for builder.
then they will compensate that amount at the time of giving the sale consideration to the owner or they will be claim it as expenses in P&L account
Asked 6 years ago
Rent will not be treated as consideration. It is like a reimbursement.
For the builder it will be treated as expenses.
Ask builder to directly pay it to landlord because it is not your income. You are receiving from builder and paying to the landlord.
Such payments shall form part of the sales consideration.
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