Capital gains on development agreement
This query is : Resolved
19 February 2013
Dear Sir,
Is is correct that landowner has to pay capital gains tax twice.First, when he executes development agreement and again in case he sells his share of flat or flats after getting possession of his share of flats.
Is it possible to get the benefit of exemption u/s 54F on the whole or part of the capital gain?If yes ,HOW?
THANKS!
Is is correct that landowner has to pay capital gains tax twice.First, when he executes development agreement and again in case he sells his share of flat or flats after getting possession of his share of flats.
Is it possible to get the benefit of exemption u/s 54F on the whole or part of the capital gain?If yes ,HOW?
THANKS!
20 February 2013
yes. first on transfer of land and again on apartment.
54F can be claimed on transfer of land
54F can be claimed on transfer of land
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