Sale of TDR bonds

465 views
User Avatar

Proprietor
87 Points Posted on 08 March 2022

Land acquired by Municipal Corporation for the purpose of Road widening from me and issued TDR bond. Now I am selling TDR bond to somebody. Is this taxable to capital gain or exempt. Please suggest.

0 Reply Share Follow
On 08 March 2022 at 10:23 Report
Replies (2)
Quick Summary
This discussion addresses the taxability of selling TDR (Transfer of Development Rights) bonds. These bonds were issued to an individual whose land was acquired by a Municipal Corporation for road widening. The core question is whether the proceeds from selling these TDR bonds are subject to capital gains tax or if they are exempt.

User Avatar

SEO Sai Gr. Hosp.
212556 Points Posted on 08 March 2022

TAXABLE ...           

2 Reply
On 08 March 2022 at 11:13
User Avatar

Chartered Accountant
5010 Points Posted on 08 March 2022

Sale of TDR are taxable under the head Capital gain

Reply
On 08 March 2022 at 13:06

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. 5th Letter PAN Mismatch with Surname issues still
  2. Criteria to hire an article
  3. Guidence requested for a Finance Professional with
  4. Expert Opinion Required – Form 140 Gross Amo
  5. WRONG TAX DEMAND - formal responses , rectificatio
  6. Foreign remittance
  7. Affordable Residential Flats in Gurgaon
  8. Manufacturing
  9. TAN REGISTRATION ON E-FILLING SITE
  10. Form 10-IEA – Continuing Old Regime

More recent discussions | Post

Related Topics :

Loading