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Income Tax - Highlights / Catch Notes

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Indexation benefit on capital gains u/s.48 - From the plain ...


Taxpayers Can Apply Indexation Benefits to Government Securities u/s 48 for Capital Gains Calculation.

July 20, 2017

Case Laws     Income Tax     AT

Indexation benefit on capital gains u/s.48 - From the plain reading of 3rd proviso section 48 of I.T. Act, government securities are not excluded for indexation benefit only bond or debenture included in the third proviso to Sec.48.

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