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Income Tax - Highlights / Catch Notes

Home Highlights April 2021 Year 2021 This

Capital gain computation - Not allowing the deduction of cost of ...

Case Laws     Income Tax

April 3, 2021

Capital gain computation - Not allowing the deduction of cost of improvement - The assessee has not brought on record any document to show that this cost was paid by the assessee. The benefit of indexed cost of improvement can only be claimed where the cost has been actually incurred by the assessee till the date of sale. - AT

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