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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Capital gain - exchange of flats - assessee has exchanged the ...

Case Laws     Income Tax

October 12, 2015

Capital gain - exchange of flats - assessee has exchanged the existing flat with a new flat plus compensation amount. Under sec. 2(47) of the Act, the expression “transfer” includes exchange also. - capital gain to be determined - Assessee is eligible for Exemption u/s 54 - AT

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