29 September 2013
Transfer of Development Rights (TDR) means making available certain amount of additional built up area in lieu of the area relinquished or surrendered by the owner of the land, so that he can use extra built up area either himself or transfer it to another in need of the extra built up area for an agreed sum of money..
08 October 2013
The seller of TDR is liable to pay tax on the basis of holding of TDR rights. It may be LTCG or STCG. The definition has been explained by the expert and I agree with him
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