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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Taxability of surplus on sale of Development Rights – This is ...


Surplus from selling development rights as LTCG is tax-free due to no associated costs for the cooperative housing society.

February 18, 2014

Case Laws     Income Tax     AT

Taxability of surplus on sale of Development Rights – This is LTCG, but, does not entail any capital gain tax, as there was no cost involved with the assessee's CHS - AT

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