Calculate TDR Holding Period from Acquisition Date, Not MOU Cancellation, for Correct LTCG Assessment if Over 36 Months.

Calculate TDR Holding Period from Acquisition Date, Not MOU Cancellation, for Correct LTCG Assessment if Over 36 Months. https://www.taxtmi.com/highlights?id=48614 Computation of Period of holding - Transferable Development Rights(TDR) - for the purpose of determination of period of holding, the holding of the TDR from the date of acquisition of property by the municipal authorities has to be considered, not from the date, when MOU was cancelled, then the period of holding of the asset is more than 36 months and hence, surplus is rightly assessable under the head lTCG en-us Tue, 13 Aug 2019 13:53:17 +0530 Tue, 13 Aug 2019 13:53:17 +0530 TaxTMI RSS Generator Calculate TDR Holding Period from Acquisition Date, Not MOU Cancellation, for Correct LTCG Assessment if Over 36 Months. https://www.taxtmi.com/highlights?id=48614 Computation of Period of holding - Transferable Development Rights(TDR) - for the purpose of determination of period of holding, the holding of the TDR from the date of acquisition of property by the municipal authorities has to be considered, not from the date, when MOU was cancelled, then the period of holding of the asset is more than 36 months and hence, surplus is rightly assessable under the head lTCG Highlights Income Tax Tue, 13 Aug 2019 13:53:17 +0530 https://www.taxtmi.com/highlights?id=48614