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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Capital gain computation - transfer of agriculture land by the ...

Case Laws     Income Tax

May 28, 2019

Capital gain computation - transfer of agriculture land by the assessee through an irrevocable general power of attorney - there was no transfer of the land upon the execution of power of attorney in favor of the party - The provision of section 45 of the Act requires to tax the income in the year of transfer of the property.

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