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Income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 July 2017 When a development agreement happened between land owner and developers when will be the capital gain liability arises.and what is the caliculation of capital gain
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Amol S Joglekar

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Amol S Joglekar (Expert)
13 July 2017 it depends upon the terms and conditions set out in the said developement agreement.
Normally the capital gain arises on the date of transfer. (Which happens to be the date of registration of the developement agreement)

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