https://www.taxtmi.com/forum/issue?id=109491 Taxable event occurs on transfer of the landlord's proprietary interest in land under a development agreement-here the GPA transferring 600 sq. yards-so deemed consideration is measured on the transfer date by registrar values when actual consideration is indeterminate, producing indexed long term capital gains; relief options include reinvestment in notified bonds, purchase of residential property, or depositing proceeds under the capital gains account scheme to defer tax. en-us Sun, 06 Dec 2015 14:55:59 +0530 Thu, 23 Jan 2025 15:56:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109491 Taxable event occurs on transfer of the landlord's proprietary interest in land under a development agreement-here the GPA transferring 600 sq. yards-so deemed consideration is measured on the transfer date by registrar values when actual consideration is indeterminate, producing indexed long term capital gains; relief options include reinvestment in notified bonds, purchase of residential property, or depositing proceeds under the capital gains account scheme to defer tax. Discussion-Forum Income Tax Sun, 06 Dec 2015 14:55:59 +0530 https://www.taxtmi.com/forum/issue?id=109491