TMI BlogAmount received on transfer of Bungalow - the presumption under the law is that the assessee had sold...Amount received on transfer of Bungalow - the presumption under the law is that the assessee had sold his interest in the entire property even if he has acquired such ownership rights after the sale. - to be assessed under the head “capital gains” - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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