Criminal Trident Pack: IPC, CrPC and IEA by Sr. Adv. G.S Shukla and Adv. Raghav Arora
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

12.5% premium cidco scheme

Querist : Anonymous (Querist) 03 May 2010 This query is : Resolved 
Is transfer of plot of land alloted to one under 12.5% premium cidco scheme exempt from capital gains tax
AMIT BAJAJ ADVOCATE (Expert) 03 May 2010
Plz explain more on the cidco scheme what it is?

Allthough I havent read about any such exemption under the Income Tax Act where capital gain from sale of a property is exempt merely because it is purchased in some scheme.
Vineet (Expert) 04 May 2010
Please provide complete details of the scheme. No exemption from capital gains tax is available unless the same is specifically provided under the Act or by some notification.
soumitra basu (Expert) 05 May 2010
The question is insufficient to answer.

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Post a Suggestion for LCI Team
Post a Legal Query