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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Income from sale of leased out land - Long term capital gain or ...


Leased Land Sale Income Classified as Long-Term Capital Gains, Subject to Section 45(1) Tax Provisions.

April 27, 2018

Case Laws     Income Tax     AT

Income from sale of leased out land - Long term capital gain or income from other sources - consideration received for relinquishing the rights in property attracted provisions of section 45(1) making it liable to capital gains tax. - AT

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