Easy Office
Easy Office

Real estate taxation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 September 2012 Sir,

One of my client gives his 10 acres agriculture land to develop and convert for NA plots at the ratio of 60:40. For such he taken Rs.2.00 cr from the developers. Now what are the tax implications for this transaction?
Profile Image

sudarshan

Profile Image

sudarshan (Expert)
19 September 2012 If agri land is sold then it is exempt. if it is given for development , CG will arise at the time of handing over for development.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links