Tax tracker on property owners with builder deals; I-T dept told to identify capital gains evaders

  • Posted on November 15, 2024
  • By Business News Today
  • 1 Views
Tax tracker on property owners with builder deals; I-T dept told to identify capital gains evaders

The Income Tax Department is investigating landowners in India who may have avoided paying capital gains tax. These landowners had partnered with builders under joint development agreements. The investigation focuses on agreements where landowners received apartments or commercial space in newly constructed buildings but did not pay taxes after receiving completion certificates.
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Business News Today

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