Economy, asked by monikaaswal5601, 1 year ago

When landowner pay capital gain tax after property transfer to promoter as per income tax act?

Answers

Answered by PiyushSinghRajput1
2
In case, if there is breakdown of joint development project, does landowner has to pay the capital gains tax. As per S.45 (1) of the Income Tax Act, any gain arising from the transfer of a capital asset during a previous year is chargeable under the head Capital Gains in the immediately following assessment year.
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