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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Reopening of assessment - capital gain addition - transfer of ...


Capital Gains on Land Transfer: Deed Execution Date, Not Registration, Triggers Tax u/s 45 of Income Tax Act.

March 7, 2017

Case Laws     Income Tax     HC

Reopening of assessment - capital gain addition - transfer of land - the capital gain u/s 45 arises in the year of execution of deed and not when the same was registered with the office of the Sub-Registrar - HC

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