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U/s.148 - capital gain

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(Querist)
16 January 2016 Owner A entired into an agreement with B for development of his land. Is A entitled to capital gain tax this year (like 2011-2012) or there is some relaxation till finalisation of the development agreement (like 2014-2015). In this connection all taxes, electricity bill are paid by A.will capital gains arrive in that event . please advise case reference in any citing court verdict - ?
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
26 January 2016 As per section 2(47)(v) of the Income Tax Act, 1961 it amounts to transfer and compute the capital gains whether ST / LT according to section 50D of the IT Act, 1961.
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