1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193786 Points)
Replied 18 April 2018
A new section 194-IC being inserted in the Act so as to provide that in case any monetary consideration is payable under the specified agreement, tax at the rate of ten per cent shall be deductible from such payment. Final capital gains liability will arise over land owner in the year of completion.
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