Now, compensation towards redevelopment won’t be taxed- Property News
August 30, 2016
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2:44Now PlayingNow, compensation towards redevelopment won’t be taxed- Property News
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as posted by the channelIn a landmark judgment, compensation received by a cooperative housing society from a redeveloper will not be taxed, according to a recent order of the Income-Tax Appellate Tribunal. The move comes as a big relief for housing societies undergoing redevelopment.
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