After the redevelopment of a property, if the owner gets either a share in the redeveloped property or cash or both, his gain is a taxable capital gainAt the time of receipt of possession in 2008, the transaction was subject to LTCG tax (as the property was held for more than 36 months)
1 min read11 Aug 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared