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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Computation of capital gain - claim of expenses u/s 48 - the ...

Income Tax

August 8, 2015

Computation of capital gain - claim of expenses u/s 48 - the amount paid by the appellant to the Bank for discharge of the mortgage has to be taken as expenses relating to transfer and it is wholly and exclusively incurred for the transfer u/s 50 of the Income Tax Act, 1961 - HC

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