It is said that monitory compensation received to a person from Govt. or Munc.authorities for land acquistion is EXEMPT from Income Tax, as of now, due to paucity of funds , Govt.and Munc.authorities are giving TDR certificate ( fungible FSI)
wants to know
a) whether receipt of this TDR certificate instead of Monitory compensation isTax free ? or taxable.
if yes as LTCG / STCG ?
b ) If that person his sold rights or TDR certificate to other person? whether such amount will be taxable or not ? if yes , on what basis , diffrence between sale price and base price ?( as on date he recived this TDR certificate from the authorities)
CAclubindia
