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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Fair Market Value - Capital Gains - FMV represents the price ...

Income Tax

September 21, 2013

Fair Market Value - Capital Gains - FMV represents the price that a seller is willing to accept and a buyer is willing to pay in the open market - the sale consideration of an asset, as recorded in the registered sale deed is generally understated and, hence, cannot be taken as FMV as on 1.4.1981 - AT

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