Capital Gain Tax Exemption on Property under Redevelopment
Redeveloping old buildings and societies is gaining momentum in major cities like Mumbai, Delhi-NCR, Surat, Bengaluru etc. Mumbai, India’s financial capital, is leading this trend. 1.1 Redevelopment is a complex process, and one of the biggest challenges faced by taxpayers is to ascertain the tax implications of the redevelopment of their property.