Sunday, February 22, 2015

[aaykarbhavan] No capital gain on transfer of transferable development rights as its cost of acquisition couldn't be determined



No capital gain on transfer of transferable development rights as its cost of acquisition couldn't be determined

February 23, 2015[2015] 54 taxmann.com 77 (Bombay)
IT : Where assessee had not incurred any cost to acquire TDR attached to land owned by society, transfer of same to developer for consideration for construction of a floor space index would not be eligible to capital gains tax
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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