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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Sale of flat acquired by her in lieu of surrender of tenancy ...

Income Tax

July 1, 2016

Sale of flat acquired by her in lieu of surrender of tenancy rights - working out the taxable gains the assessee - AO treated the cost if acquisition as NIL - market value of the plot of land on the date of allotment shall be the cost of acquisition for the purpose of computing capital gains - AT

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