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Income Tax - Highlights / Catch Notes

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LTCG for investment in REC Bonds - Computation of capital gain - ...

Income Tax

April 30, 2020

LTCG for investment in REC Bonds - Computation of capital gain - The liabillity of long term capital gains cannot differ between the co-owners of a property. Even though there is no res judicata in tax proceedings, the principle of consistency has to be applied.

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