Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
In redevelopment arrangements, permanent alternate accommodation is treated as a continuation of ownership rights in the original flat rather than a newly acquired capital asset. The holding period runs from the allotment or crystallisation of enforceable rights under the redevelopment arrangement; additional area received, whether purchased from the developer or transferred by a family member, also arises from those pre-existing rights and is not separately dissected. Where that period exceeds the statutory threshold, gains on sale are long-term capital gains, allowing indexed acquisition cost and residential-house capital-gains exemption under sections 54/54F in accordance with law.
In redevelopment arrangements, permanent alternate accommodation is treated as a continuation of ownership rights in the original flat rather than a newly acquired capital asset. The holding period runs from the allotment or crystallisation of enforceable rights under the redevelopment arrangement; additional area received, whether purchased from the developer or transferred by a family member, also arises from those pre-existing rights and is not separately dissected. Where that period exceeds the statutory threshold, gains on sale are long-term capital gains, allowing indexed acquisition cost and residential-house capital-gains exemption under sections 54/54F in accordance with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
