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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Computation of capital gain - three amounts are in the nature of ...


Capital Gains Case: Three Amounts Classified as Improvement Costs, Not Repair Expenses, Affecting Capital Gains Calculations.

March 4, 2017

Case Laws     Income Tax     AT

Computation of capital gain - three amounts are in the nature of cost of improvement and do not fall in the realm of repair and maintenance - the computation of capital gain should be done treating these three amounts as 'Cost of improvement’ - AT

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