https://www.taxtmi.com/acts?id=47043 Amendment substitutes clause to extend deemed ownership for tax purposes to three categories: members allotted or leased buildings under house-building schemes; persons allowed possession in part performance of qualifying property contracts; and persons acquiring rights in or with respect to a building through specified transaction-based transfers (excluding short-term month-to-month leases). These categories are treated as owners for income-tax purposes, recognising allotment, part-performance possession, and certain transaction-derived rights as creating taxable ownership interests. en-us Tue, 07 Jan 2025 11:57:32 +0530 Tue, 07 Jan 2025 11:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47043 Amendment substitutes clause to extend deemed ownership for tax purposes to three categories: members allotted or leased buildings under house-building schemes; persons allowed possession in part performance of qualifying property contracts; and persons acquiring rights in or with respect to a building through specified transaction-based transfers (excluding short-term month-to-month leases). These categories are treated as owners for income-tax purposes, recognising allotment, part-performance possession, and certain transaction-derived rights as creating taxable ownership interests. Act-Rules F. Acts / Amendment Acts Tue, 07 Jan 2025 11:57:32 +0530 https://www.taxtmi.com/acts?id=47043