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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

The capital gain would be taxable in the year in which such ...

Case Laws     Income Tax

May 10, 2017

The capital gain would be taxable in the year in which such transactions are entered into even if the transfer of the immovable property is not effective or complete under the general law - The completion of "transfer" of an immovable property as per the general law is not a requirement for the applicability of the provisions of sub-clause (v) of section 2(47). - AT

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