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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

The capital gains computed upto the date of conversion of land ...


Offset Capital Gains from Land Conversion Against Business Losses from Stock Sale.

March 24, 2016

Case Laws     Income Tax     AT

The capital gains computed upto the date of conversion of land into stock-in-trade has to be set off against the business loss computed on sale of the stock-in-trade - AT

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