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Income Tax - Highlights / Catch Notes

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Deduction claimed u/s.54F - LTCG - Clearly, therefore, the date ...

Case Laws     Income Tax

May 12, 2021

Deduction claimed u/s.54F - LTCG - Clearly, therefore, the date relevant for determining the purchase of property is the date on which full consideration is paid and possession is taken. There is no dispute that this date is 22.07.2015 which falls within a period of two years from the date on which related property is sold. - AT

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