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Income Tax - Highlights / Catch Notes

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LTCG u/s 45 - taxability on accrual basis - date of receipt of ...


Uncertain LTCG Taxation u/s 45: Challenges in Claiming Exemptions Due to Payment Date Ambiguity.

September 5, 2013

Case Laws     Income Tax     AT

LTCG u/s 45 - taxability on accrual basis - date of receipt of money is not certain - difficulty in claiming exemption u/s 54 or 54EC - some genuine cases the difficulties may arise but it was for the Parliament or the Government to provide remedy in such cases and judicial forums cannot do anything. - AT

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