Regarding Tax Liability on conversion of Land into Building
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2011
One Individual get it land converted into Building through Development Agreement with a Company.
After dvelopment land owner get it 50% portion of of developed property, but he does not sale the same, whther it attract long term capital gain tax.
After dvelopment land owner get it 50% portion of of developed property, but he does not sale the same, whther it attract long term capital gain tax.
21 July 2011
On signing of the Development agreement the land lord is liable to pay Capital Gains Tax
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Two pancard
- Transfer of MF
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Can we claim ITC in 28%
- Regarding E-invoice Generation
- Forgot to update debit note in gst
- Wrongly goods delivered to other state
- Loans and borrowing
- Conversion of Pvt Ltd Company to a LLP
- Foreign commission liable for rcm
- Spice form, ? mark comes in address
- E bike purchase can get input in GST
- Interest on borrowed capital rental income
- TDS APPLICABILITIY
- Issue with PTEC Registration – PAN Already Used
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
