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Income Tax - Highlights / Catch Notes

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When there is no separate agreement executed by assessee for the ...


Date of Allotment Letter Determines Holding Period for Capital Gains When No Separate Flat Purchase Agreement Exists.

July 5, 2016

Case Laws     Income Tax     AT

When there is no separate agreement executed by assessee for the purchase of the flat and the letter of allotment is the only document which gives right of ownership in the flat, date of allotment letter will be taken for working out the period of holding to compute capital gains.

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