| Question And Answer | |
|---|---|
| Subject: | Capital gains on redevelopment |
| Category: | Income-Tax |
| Querist: | DILLON PEREIRA |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | redevelopment |
| Date: | November 12, 2024 |
My query is simply pertaining to a normal case where a society goes for redevelopment and enters into a Development agreement with the builder and members get larger flats for the same in the new construction.
Query: Will section 45(5a) be applicable where we have to take the transfer date of the CC of the new flat as the year of declaring the cap. gains OR do we have to declare based on the date of signing the development agreement between society and developer OR the date when the member signs the agr for Permanent alternative accommodation with the developer and hands over their flat to the developer
Reply of the Expert is awaited. Please check back later
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