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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Valuation u/s 50C is a deeming provision and it extends only to ...

Income Tax

July 7, 2016

Valuation u/s 50C is a deeming provision and it extends only to land or building or both. - Rights in the land cannot be equated to land or building or both and therefore section 50C is not applicable on transfer of such rights.

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