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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Short term Capital Gain - sale to sister concern at the rate of ...


Property Sale to Sister Concern Below Market Value Sparks Capital Gains Tax Issue; Third-Party Sale Price Not Applicable.

August 5, 2013

Case Laws     Income Tax     HC

Short term Capital Gain - sale to sister concern at the rate of less than market value - The property sold to a third party cannot be the basis for determining the capital gain tax in respect of a sale in favour of the sister concern. - HC

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