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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Determination of the full value of consideration in computation ...


Deduction of New Flat's Value Permitted in Long-Term Capital Gains Computation u/s 48(i) of Income Tax Act.

January 31, 2019

Case Laws     Income Tax     AT

Determination of the full value of consideration in computation of long term capital gain - occupancy rights settled by allotting new flat in new building - the value of flat of 405 sq.ft. to be allotted in the new building should be accordingly reduced from the full value of consideration u/s 48(i).

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