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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Nature of Capital gain – LTCG or STCG – The mere fact that ...


Issuance of Allotment Letter Determines Capital Gain Nature, Not Timing of Possession Delivery.

February 28, 2014

Case Laws     Income Tax     HC

Nature of Capital gain – LTCG or STCG – The mere fact that possession was delivered later, does not detract from the fact that the allottee was conferred a right to hold property on issuance of an allotment letter - HC

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