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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Computation of capital gains -Treating ‘Government Securities’ ...

Income Tax

September 22, 2020

Computation of capital gains -Treating ‘Government Securities’ as Bonds or Debentures for the purpose of the third proviso (now fourth proviso) to section 48 - Just because there is fixed returning income, it cannot be concluded that on sale of such asset no indexation would be granted of the asset is a long term capital asset. - AT

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