https://www.taxtmi.com/acts?id=23543 Key amendments modernise capital gains taxation and incentives for real estate: the holding period for immovable property to qualify as long-term is reduced to twenty-four months; affordable housing deductions are eased by adopting carpet area, widening geographic applicability, and extending completion timelines; land pooling transfers for the Andhra Pradesh capital are exempted with special cost basis rules; joint development agreements may defer capital gains until project completion with deemed consideration and a new withholding obligation on payments; the capital gains base year is shifted to 2001 and long-term bond exemptions are expanded to notified three-year bonds. en-us Wed, 01 Feb 2017 17:47:57 +0530 Wed, 01 Feb 2017 18:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23543 Key amendments modernise capital gains taxation and incentives for real estate: the holding period for immovable property to qualify as long-term is reduced to twenty-four months; affordable housing deductions are eased by adopting carpet area, widening geographic applicability, and extending completion timelines; land pooling transfers for the Andhra Pradesh capital are exempted with special cost basis rules; joint development agreements may defer capital gains until project completion with deemed consideration and a new withholding obligation on payments; the capital gains base year is shifted to 2001 and long-term bond exemptions are expanded to notified three-year bonds. Act-Rules Bill Wed, 01 Feb 2017 17:47:57 +0530 https://www.taxtmi.com/acts?id=23543