https://www.taxtmi.com/forum/issue?id=5230 Transfer of land to a builder in exchange for flats triggers computation of capital gains; the date of transfer is to be ascertained from the relevant documents and agreement. Possession of the flats may affect the assessment of consideration but does not itself determine tax liability, which arises from the transfer event and must be evaluated separately based on documentary evidence. en-us Thu, 24 Jan 2013 19:51:36 +0530 Thu, 23 Jan 2025 15:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5230 Transfer of land to a builder in exchange for flats triggers computation of capital gains; the date of transfer is to be ascertained from the relevant documents and agreement. Possession of the flats may affect the assessment of consideration but does not itself determine tax liability, which arises from the transfer event and must be evaluated separately based on documentary evidence. Discussion-Forum Income Tax Thu, 24 Jan 2013 19:51:36 +0530 https://www.taxtmi.com/forum/issue?id=5230