Is Land Owner Entitle For Benefit Of Section 54F For Giving Development Right To Developers?
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One response to “Is Land Owner Entitle For Benefit Of Section 54F For Giving Development Right To Developers?”
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My father gave land as gift to my two sisters, my mother, to me and also he kept one share to him. I:e, he gifted or divided his land to 5 parts and later we five went to development agreement and received one flat each including my father. In this does 15f applicable to each 5 of is? Do we need to pay any capital gains tax?
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