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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Transfer of property – Application of section 2(47)(ii), (v) and ...


Sections 2(47)(ii), (v), (vi): Taxation of Property Transfers Includes All Considerations, Received or Accrued.

August 28, 2014

Case Laws     Income Tax     AT

Transfer of property – Application of section 2(47)(ii), (v) and (vi) - it was not only the money which has been received by the assessee which was required to be taxed but the consideration which had accrued to the assessee was also required to be taxed. - AT

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