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Income Tax - Highlights / Catch Notes

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LTCG for investment in REC Bonds - Computation of capital gain - ...


Consistency in LTCG Tax Liability for Co-Owners of REC Bonds: Uniformity in Capital Gains Computation Essential.

April 30, 2020

Case Laws     Income Tax     AT

LTCG for investment in REC Bonds - Computation of capital gain - The liabillity of long term capital gains cannot differ between the co-owners of a property. Even though there is no res judicata in tax proceedings, the principle of consistency has to be applied.

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