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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Computation of capital gains - The expression “full ...


"Full Consideration" in Capital Gains: Total Value Received by Transferor, Not Asset's Market Value.

December 1, 2015

Case Laws     Income Tax     AT

Computation of capital gains - The expression “full consideration” cannot be considered as having a reference to the market value of the asset transferred, but the expression only named the full value of the thing received by the transferor in exchange for the capital asset transferred by him - AT

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