Capital gain computation - transfer of agriculture land by the ...

Capital Gains Tax Not Applicable: No Actual Land Transfer Under Irrevocable Power of Attorney Per Section 45 IT Act.

May 28, 2019

Case Laws Income Tax AT

Capital gain computation - transfer of agriculture land by the assessee through an irrevocable general power of attorney - there was no transfer of the land upon the execution of power of attorney in favor of the party - The provision of section 45 of the Act requires to tax the income in the year of transfer of the property.

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Capital gain computation - transfer of agriculture land by the ...

Capital Gains Tax Not Applicable: No Actual Land Transfer Under Irrevocable Power of Attorney Per Section 45 IT Act.

May 28, 2019

Case Laws Income Tax AT

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