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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Long Term Capital Gain on surrender of tenancy right - ...


Section 50C of Income Tax Act does not apply to long-term capital gains from surrender of tenancy rights.

October 22, 2015

Case Laws     Income Tax     AT

Long Term Capital Gain on surrender of tenancy right - applicability of provisions of Sec. 50C - assessee is a non-resident individual - provisions of Sec. 50C are not applicable on the transfer of tenancy right. - AT

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