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Income Tax - Highlights / Catch Notes

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Capital gain computation - applicability of the provisions of ...

Income Tax

January 16, 2024

Capital gain computation - applicability of the provisions of section 50C - Relevant date - the provisions of section 50C of the Act adopting the value for stamp duty purposes as on the date of sale deed could not be applied but the value as on the date of the agreement / date of receipt of advance has to be applied. - AT

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