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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Selling of trees which were grown spontaneously for which there ...

Income Tax

August 19, 2013

Selling of trees which were grown spontaneously for which there is no cost of acquisition - sale of trees grown spontaneously has to be treated as capital in nature and since there is no cost of acquisition, it is not liable for taxation. - AT

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