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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Non setting off carried forward business loss against the ...

Case Laws     Income Tax

February 16, 2017

Non setting off carried forward business loss against the Capital Gain computed u/s 50 - sale of depreciable assets - legal fiction is to be deemed the capital gain as STCG and not to deemed asset as Short Term Capital Asset - assessee is entitled for setting off of carried forward business loss against the capital gain computed u/s 50 - AT

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