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Income Tax - Highlights / Catch Notes

Home Highlights January 2012 Year 2012 This

LTCG or STCG - cost of land to the previous owner - Benefit of ...


Capital Gains Classification: Date of Acquisition Determines Long-Term or Short-Term Status for Tax Indexation Benefits.

January 25, 2012

Case Laws     Income Tax     AT

LTCG or STCG - cost of land to the previous owner - Benefit of indexation - Assessing Officer has rightly taken 2-11-2004 as the date of acquisition of absolute ownership of the property ... - AT

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