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Capital gain on transfer of land development right

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Querist : Anonymous

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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.
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Sunny Sonwal

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Sunny Sonwal (Expert)
03 December 2012 I don't think so.

Capital gain arises when ownership of assets transfers one party to another.

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