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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Capital gain on sale of Floor Space Index(FSI)/transfer of ...

Case Laws     Income Tax

July 10, 2019

Capital gain on sale of Floor Space Index(FSI)/transfer of development rights(TDR) - FSI/TDR rights have accrued in favour of the assessee following promulgation of Development Control Rules for Greater Mumbai, 1991 and generated by the plot itself and there is no cost of acquisition - not liable for any capital gain tax

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