TMI BlogLong term capital gain - transfer u/s 2(47) - Year of assessment - What has to be taxed is the amount...Long term capital gain - transfer u/s 2(47) - Year of assessment - What has to be taxed is the amount received or accrued and not any notional or hypothetical income. - if income does not result, there cannot be a tax, even though in book-keeping an entry is made about a hypothetical income, which does not materialize.’ - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
