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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

LTCG u/s 45 - taxability on accrual basis - date of receipt of ...

Income Tax

September 5, 2013

LTCG u/s 45 - taxability on accrual basis - date of receipt of money is not certain - difficulty in claiming exemption u/s 54 or 54EC - some genuine cases the difficulties may arise but it was for the Parliament or the Government to provide remedy in such cases and judicial forums cannot do anything. - AT

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