Court Rules Transfer of Development Rights Liable for Long-Term Capital Gains Tax on Rs. 17.50 Lakhs Property Share Sale.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Addition on account of long term capital gain on transfer of development rights of undivided share in a property - the assessee was only liable for long term capital gains on the considered received, i.e. ₹ 17.50 lakhs on transfer of her 1/4th share in the property. - AT....