Section 50C of Income Tax Act Applies Only to Land or Buildings, Not Development Rights in Agreements.

Section 50C of Income Tax Act Applies Only to Land or Buildings, Not Development Rights in Agreements. https://www.taxtmi.com/highlights?id=48084 Computation of LTCG - applicability 50C on transfer of Development Rights - the provisions of section 50C can be applied only for transfer of land or building or both and not for “Rights in Development Agreement‟ en-us Sat, 20 Jul 2019 07:16:29 +0530 Sat, 20 Jul 2019 07:16:29 +0530 TaxTMI RSS Generator Section 50C of Income Tax Act Applies Only to Land or Buildings, Not Development Rights in Agreements. https://www.taxtmi.com/highlights?id=48084 Computation of LTCG - applicability 50C on transfer of Development Rights - the provisions of section 50C can be applied only for transfer of land or building or both and not for “Rights in Development Agreement‟ Highlights Income Tax Sat, 20 Jul 2019 07:16:29 +0530 https://www.taxtmi.com/highlights?id=48084