TaxTMI 
TaxTMI 
Date of transfer of plot
19 Nov 2007 
2 Replies 
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Date of transfer governs tax liability: each subdivided plot portion is taxed when its transfer to an individual buyer is complete.
Date of transfer determines tax incidence for portions of a subdivided plot: each portion is taxable when that portion is transferred and the transfer is complete, evidenced by the sale/transfer agreement and conveyance to the individual buyer, and assessment follows in the corresponding tax period for that portion. (AI Summary)
Date of transfer determines tax incidence for portions of a subdivided plot: each portion is taxable when that portion is transferred and the transfer is complete, evidenced by the sale/transfer agreement and conveyance to the individual buyer, and assessment follows in the corresponding tax period for that portion. (AI Summary)
One big plot was divided and sold to different partes in different years say 2002-03 ,2003-04 & 2004-05 Last part of the plot was sold on 2004-05.Wha is the date transfer o the plot.