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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Capital gain tax - Assessment of long term capital gain - ...


No Transfer, No Tax: Developer and Co-Owners Face No Capital Gain Tax Due to Lack of Property Possession.

August 29, 2017

Case Laws     Income Tax     AT

Capital gain tax - Assessment of long term capital gain - entering development agreement between the developer and other 7 joint co-owners without any considerations - since no possession is given, no transfer - No tax liability.

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