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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Capital gains computation u/s 48 - deduction of interest as part ...


Interest Deduction Allowed in Capital Gains Calculation u/s 48 for Asset Acquisition Costs.

November 2, 2019

Case Laws     Income Tax     AT

Capital gains computation u/s 48 - deduction of interest as part of cost of acquisition from full value of sale consideration - We do not have even a slightest doubt that the interest in question is indeed an expenditure in acquiring the asset.

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