Date of acquisition for computation of LTCG - if allotment is ...

Income Tax

April 4, 2019

Date of acquisition for computation of LTCG - if allotment is not a conditional allotment and do not envisages cancellation of the allotted property, in any manner then the assessee has acquired right in a specific property on date of allotment - Subsequently, execution of agreement of sale was nothing but mere improvement in assessee’s existing rights to acquire a specific property - Gain is long term capital gain

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Date of acquisition for computation of LTCG - if allotment is ...

Income Tax

April 4, 2019

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