Computation of LTCG - extinguishment of the owner’s rights in ...

Income Tax

November 23, 2023

Computation of LTCG - extinguishment of the owner’s rights in the property - Transfer u/s 2(47) - year of assessment - claim of exemption u/s. 54 - the owner’s right to property ger extinguished on the date of registration of sale deed i.e., 19.07.2007 and the assessment of capital gain can only be made in assessment year 2008-09 and not in this assessment year 2006-07. - AT

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Computation of LTCG - extinguishment of the owner’s rights in ...

Income Tax

November 23, 2023

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