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Does ltcg is appalicable on transfer of rights of tdr

S S Dahale ( Agri and business) (439 Points)

03 August 2016

What should be TAX TREATMENT and TAX PLANNING as LTCG ( longterm capital gains) or simple tax ,

for transfer of rights to claim TDR ( fungible FSI) from municipal authorities, which is alterantive in lieu to monetory compensation

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2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183048 Points)
Replied 05 August 2016

When any amount already paid as compensation, it would be treated as cost of aquisition. So that could not be tax free

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S S Dahale ( Agri and business) (439 Points)
Replied 05 August 2016

TDR or Fungible FSI is a innovative concept and practise adopted by Governmnet , to issue a TDR-DCR- certificate, as a compensation ( can be traded / to be utisled anywhere else within city) instaed of giving monetory compensation ( saving muncipal / govt funds), so question of consideration of amount paid as compensation does not arise , so question still stand for an individual / company as a " assesee'' to treat this transfer of TDR-DRC to some other person / entity as assesse ( to do further trading / utilsation) as LTCG or income ?