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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Taxability u/s 45(5)(b) – Transfer of capital asset - the ...

Income Tax

July 29, 2014

Taxability u/s 45(5)(b) – Transfer of capital asset - the compensation awarded in the first instance would continue to be chargeable as income under the head “capital gains”, in the previous year in which the transfer took place - HC

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