kishore nair
(Querist) 14 August 2017
This query is : Resolved
I own a plot of land in Mumbai and wish to sell part of FSI available on the land.to Mr. X. What are the tax implication on sale of FSI?
Will it be better for me to construct a flat and sell the same to Mr. X/
P. Venu
(Expert) 15 August 2017
The matter requires professional consultation.
Rajendra K Goyal
(Expert) 15 August 2017
Local rules / law applicable, discuss with local lawyer.
Dr J C Vashista
(Expert) 15 August 2017
What is meant by "FSI" on the land? Consult a local lawyer with all relevant records for proper analysis of facts, guidance and proceeding.
kishore nair
(Querist) 22 August 2017
It is not taxable http://www.taxsutra.com/analysis/11489/Sale-of-FSI-TDR-generated-by-changed-DCR-not-taxable-absent-cost-of-acquisition
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