Land Sales may Come Under Taxman's Lens

"This is another instance of divergent ruling by different state authorities," said Harpreet Singh, indirect tax partner at KPMG in India. "In the past, Madhya Pradesh and Goa advance ruling authorities have held sale of developed land as non-taxable as in essence the transaction continues to be sale of immovable property."

from Banking/Finance-Industry-Economic Times https://ift.tt/bXa7Wsn