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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