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Neetesh k Suthar (Business)     12 January 2017

Capital gain or income tax on sale of development rights

Mr. A acquired development rights in a property at a consideration of Rs. 4 lakhs in 2012 and intend to transfer the development rights to Mr. B at a consideration of 40 lakhs in 2016. So please let me know what will be tax implications on this transanction. 1. Whether Mr. A is liable to pay any tax on transfer of the development rights to Mr. B...?


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