Capital gain on transfer of land development right
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 December 2012
If a land owner transfer land development right to a Developer( Real Estate Company) then whether it is consider as transfer under Income tax Act.
Sunny Sonwal
(Expert)
03 December 2012
I don't think so.
Capital gain arises when ownership of assets transfers one party to another.
Capital gain arises when ownership of assets transfers one party to another.
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