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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Capital Gains - Disallowance of sum paid for the share ...

Income Tax

November 1, 2019

Capital Gains - Disallowance of sum paid for the share certificate of the property - This share certificate has no independent value in its self. This share certificate is transferable only along with the property in dispute. Therefore, the cost incurred on such share certificate can be treated as part of the cost of the property

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