Land land surrender land to Government for that Government issued TDR(Transferrable Development Rights) certificate. Land lord sold TDR certificate and received consideration from builder. What is the Tax implication?
1. Is it capaital gain tax or not? 2. Is it capital receipt not taxable?
23 April 2019
TDR certificate sell at lesser consideration but Stamp duty will pay on TDR value. TDR value is more but sale agreement value is less.. what stand can we take when we receive notice from IT department saying pay tax on registered value. Only for this reason I raised about section 50C. Can you please help me on this