Capital gain - Sale consideration received towards the land ...

Income Tax

December 30, 2013

Capital gain - Sale consideration received towards the land should be assessed as long-term capital gain and the profits arising out of the superstructure is to be assessed as short-term capital gain - the assessee is entitled to the benefit of exemption provided u/s 54 and 54F of the Act - AT

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Capital gain - Sale consideration received towards the land ...

Income Tax

December 30, 2013

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