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CBDT issues SOP to track capital gains from JDAs

September 18, 2025

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Business Standard

The Central Board of Direct Taxes (CBDT) has issued a standard operating procedure (SOP) for assessing capital gains on joint development Agreements (JDAs) under Section 45(5A) of the Income Tax Act to plug revenue leakages in the real estate sector.

- MONIKA YADAV

According to the office memorandum issued by the tax department on September 15, the SOP requires field officers to use Real Estate Regulatory Authority (RERA) portals to identify JDA projects, match them with income-tax return filings, and check disclosures in the capital gains schedule.

In cases of nondisclosure, notices will be issued under Section 131(1A) to seek explanations and supporting documents.

المزيد من القصص من Business Standard

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The Fed’s wrong move

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CEA flags ‘critical trade-offs’ in energy transition

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BS Blueprint to debut today at power-packed conclave

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Some solution has to be found in Vi’s AGR case, Centre tells SC

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Sebi, RBI in talks to encourage corp bond derivatives trading

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Women in the loop

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Farmers without land rights in border areas to get PM-KISAN benefit: Chouhan

Union Agriculture Minister Shivraj Singh Chouhan on Friday said farmers in India’s border villages who do not have land ownership rights woud soon receive PM-KISAN benefits, provided they are certified by the state government.

time to read

1 min

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