Sold TDRs for ₹6.02 crore? ITAT clarifies capital gains tax rules for landowners
The ITAT has ruled that the sale of Transferable Development Rights (TDRs) for ₹6.02 crore attracts capital gains tax after the land was surrendered for road widening.
However, eligible land costs and deductions must be considered when calculating taxable gains.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.livemint.com — the content belongs to LiveMint - Money.
