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Income Tax - Highlights / Catch Notes

Home Highlights July 2021 Year 2021 This

Capital gain computation - allowability of deduction u/s 48 ...


Court Rules Leasehold to Freehold Conversion Costs Deductible as Improvement in Capital Gain Computation u/s 48.

July 16, 2021

Case Laws     Income Tax     AT

Capital gain computation - allowability of deduction u/s 48 towards cost of improvement with respect to amount paid by the assessee towards his share towards conversion of aforesaid property from leasehold to freehold - the assessee will be allowed as cost of improvement of the amount paid towards his share for conversion of aforesaid leasehold land to freehold. - AT

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