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Income Tax - Highlights / Catch Notes

Home Highlights January 2012 Year 2012 This

Capital gain - sale of proprietary concern - conditions of ...

Income Tax

January 19, 2012

Capital gain - sale of proprietary concern - conditions of section 47(xiv) fulfilled - transaction has to be treated as a transfer within the meaning of section 47(xiv) and the surplus over the net worth is held to be exempt from income tax.... - AT

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