(i) revenue from royalties [not royalties of the above type] payable by the Indian Government or enterprise on the basis of an agreement with the Indian Government or group, and if such an agreement exists with an Indian enterprise, the agreement shall be approved by the central government or relate to a matter that is included in industrial policy; Therefore, the capital gains tax obligation in the hands of the owner would be created in the year in which the ownership of real estate is transferred to the developer to develop, even if the consideration for such a transfer may be two years after one year. XYZ Developers Pvt Ltd on the mentioned date and as a result of such an agreement, Mr.B has the right to obtain 4 apartments out of a total of 10 dwellings and an amount of Rs.500000/ – for this project, and for this project, the final certificate will be issued by the competent authority on 01/05/2019. Section 195: Payment of another amount to a non-resident. . . .