Sale of tdr
This query is : Resolved
11 February 2012
Situation :A portion of land has been acquired by local authority under compulsory acquisition, in turn the assessee received TDR(Transferable Development Rights) as compensation.
Doubt : What is the tax treatment for the receipt of TDR and is there any capital gain on sale/transfer of TDR?
Doubt : What is the tax treatment for the receipt of TDR and is there any capital gain on sale/transfer of TDR?
11 February 2012
You may follow the link in which our expert CA Manoj Gupta has lucidly highlighted on this matter. -
https://www.caclubindia.com/experts/transferable-development-rights-705545.asp
https://www.caclubindia.com/experts/transferable-development-rights-705545.asp
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