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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Computation of capital gain - Sec. 50C applies only to a ...


Section 50C: Capital Gains Rules Apply Only to Land or Buildings, Not Lease Rights.

May 16, 2015

Case Laws     Income Tax     AT

Computation of capital gain - Sec. 50C applies only to a capital asset being land or building or both, it cannot be made applicable to lease rights in a land. - AT

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