What will be the remedy in such
ANIRUDH MIMANI (Audit Assistant) (64 Points)
01 August 2016ANIRUDH MIMANI (Audit Assistant) (64 Points)
01 August 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178094 Points)
Replied 03 August 2016
When was the completion certificate obtained by builder?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178094 Points)
Replied 03 August 2016
What was the treatment of transfer at the time of agreement of development? In nutshell, it seems to be case of LTCG of inherited property, and as such exemption u/s. 54, 54EC etc. can reduce tax liability.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178094 Points)
Replied 03 August 2016
Is March 2016 & Dec 2015, different year? Once again let me tell you, the case is to be studied in light of tax treatment at the time of development agreement. As per data provided, no STCG.