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Income Tax - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Assessment of capital gains of trust after withdrawing exemption ...

Case Laws     Income Tax

August 10, 2020

Assessment of capital gains of trust after withdrawing exemption u/s 11 - while completing assessment under normal provisions of the Act, the assessee should be treated as individual. Since, benefit of section 13 has been withdrawn from the assessee, the benefit of indexation while computing capital gain/loss should be allowed. - AT

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