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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Capital gain computation - FMV for determination of cost of ...

Income Tax

July 26, 2019

Capital gain computation - FMV for determination of cost of acquisition in case of leasehold land - assessee’s leasehold right for a period of 90 years in question is a capital asset and not tenancy rights to which provisions contained u/s 50C are applicable and assessee is entitled for benefit of FMV as on 01.04.1981 in order to compute the capital gain

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