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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

If the assessee has converted capital asset into stock in trade ...

Case Laws     Income Tax

May 4, 2016

If the assessee has converted capital asset into stock in trade in prior years, then part of the profit arising on sale of land, shall be chargeable to tax under the head capital gains and part of the profit under the head business income - AT

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