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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Sale of flat and plots of land - the profit derived from sale of ...

Income Tax

April 28, 2016

Sale of flat and plots of land - the profit derived from sale of plots and flat should be assessed only as income from business and not as capital gains. Accordingly the adoption of value determined by stamp valuation authorities u/s 50C of the Act does not arise - AT

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