Now pay tax against cap­i­tal gains in Patna

Hindustan Times (Ranchi) - - Front Page -

PATNA: Land owners across Bi­har who have been served no­tices by the In­come Tax depart­ment for not pay­ing tax against cap­i­tal gains for con­vert­ing their land to high rise build­ings are headed for fur­ther trou­ble. The IT depart­ment has as­sessed the land agree­ments and has si­mul­ta­ne­ously started the process of is­su­ing or­ders, im­ply­ing the land owners will have to pay hefty tax against their prop­er­ties.

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