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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

LTCG or STCG - AO was right in treating the holding period of ...


Income from Property Sale Classified as Short-Term Capital Gain Due to Holding Period Under 36 Months by Assessing Officer.

November 11, 2017

Case Laws     Income Tax     AT

LTCG or STCG - AO was right in treating the holding period of the property from the day on which the assessee has got right over the property by virtue of a valid sale agreement, according to which the holding period of the property is less than 36 months and hence, the AO has rightly computed income from sale of house property as short term capital gain - AT

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