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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Profit from sale of flat - treated as income from capital gain ...

Case Laws     Income Tax

July 9, 2015

Profit from sale of flat - treated as income from capital gain OR business income - The assessee has not incurred any expenses towards construction of building nor it had carried out any activity for the construction of the building - to be assessed as capital gain and not as business income - AT

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