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Income Tax - Highlights / Catch Notes

Home Highlights May 2011 Year 2011 This

CGH Society allows builder to construct building, Sum received ...


Housing Society's Builder Payment Not Taxable as Capital Gain Under IT Act Sections 2(14) and 45.

May 30, 2011

Case Laws     Income Tax     AT

CGH Society allows builder to construct building, Sum received from builder is not taxable as Capital gain as no capital asset u/s 2(14) & no transfer u/s 45

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