Capital Gains on Apartment redevelopment

Hi All, My apartment association is planning on redeveloping our old apartment. The builder plans to reconstruct 4 apartments and build 6 in its place. I wanted to check if there is any capital gains this transaction will attract as my UDS gets reduced?

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Quick Summary
This discussion explores potential capital gains tax liabilities arising from apartment redevelopment projects. Specifically, it questions whether a reduction in the Un-divided Share (UDS) of land, even without a direct cash transaction, could trigger capital gains tax. The conversation touches upon the nature of capital assets and the conditions under which capital gains are typically realised.

Https://www.google.com/url?sa=t&source=web&rct=j&url=https://cleartax.in/s/gst-implications-redevelopment-societies&ved=2ahUKEwiuq8Plw7L4AhWMH7cAHYlZCqYQFnoECAwQBQ&usg=AOvVaw0VvnffJ1Mrj_irSVxu_gbc
You need not find on google. Capital gain arises on transfer of capital asset.

Not GST, but capital gains?

Even when there is no transfer of cash? Even when it is only a notional gain?

Https://www.wirc-icai.org › C...PDF
CAPITAL GAIN & REDEVELOPMENT

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