Tdr

This query is : Resolved

Harish kumar goud (Querist)
Follow

28 September 2013 Hai sir,
Kindly explain the TDR ( transferable Development Reserve) Concept in Brief And tax treatement for the Same

CA Pallav Singhania

CA Pallav Singhania (Expert)
Follow

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..

go thru this for more details..

http://218.248.45.169/download/engineering/TDR-website%2001.pdf

Harish kumar goud

Harish kumar goud (Querist)
Follow

30 September 2013 Thanks Sir

Upgrade to CAclubindia Pro. Subscribe Now!

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

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