Consideration received for sale of tdr certificate

This query is : Resolved

Nagaraj (Querist)
Follow

20 April 2019 Dear Experts,

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?

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

20 April 2019 it is capital gain. It shall be taxed under capital gains

Message likes : 1 times

Nagaraj

Nagaraj (Querist)
Follow

22 April 2019 Sec 50C applibale for sale of TDR certificate?

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

23 April 2019 No. Sec. 50C is applicable to land or building or both.
TDR does not fall in that

Message likes : 1 times

Nagaraj

Nagaraj (Querist)
Follow

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

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

23 April 2019 you can tell them that sec 50C is not applicable to TDR

Message likes : 1 times

Nagaraj

Nagaraj (Querist)
Follow

23 April 2019 Thanks for u r clarification.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

24 April 2019 you are most welcome

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Hmr Babu

Jaya Ladhwani

rana andcompany

Anirudh Sharma

Devendra Singh Jyala

Subscribe Now

Consideration received for sale of tdr certificate

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA