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Sold TDRs for ₹6.02 crore? ITAT clarifies capital gains tax rules for landowners

Sold TDRs for ₹6.02 crore? ITAT clarifies capital gains tax rules for landowners

RSS excerpt

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.

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