TMI BlogWhen the assessee invests money in a property with an intention to hold it or enjoys the property and...When the assessee invests money in a property with an intention to hold it or enjoys the property and sells it for profit thereafter, then it is a case of capital appreciation and the profit derived there from is taxable under the head ‘capital gains’ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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