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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Capital gain computation - year of taxation - transfer u/s 2(47) ...

Income Tax

July 1, 2019

Capital gain computation - year of taxation - transfer u/s 2(47) - once assessee has received consideration, handed over possession of the property, executed registered Power of Attorney in favour of the holder empowering him to absolutely deal with the property and the arrangement is covered by an agreement for sale, it will be transfer - capital gain is taxable in this year itself

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