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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Taxability of capital gain - Technically it can be said that the ...

Case Laws     Income Tax

September 6, 2013

Taxability of capital gain - Technically it can be said that the developer had purchased the membership of the Members in the society which would lead to enjoyment of the property and in that technical sense, clause (vi) of Section 2(47) is applicable. - taxable in the hands of members on accrual basis - AT

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