Long term capital gain - adopting the circle rate of sale ...

Circle Rate at Agreement Date Determines Capital Gains Value, per Section 50C(1) of Income Tax Act.

October 21, 2022

Case Laws Income Tax AT

Long term capital gain - adopting the circle rate of sale consideration - the benefit of the first proviso to Section 50C(1) of the Act has to be extended to the assessee and the rate prevailing as on the date of agreement should be considered for the purpose of computing the full value of consideration of such transfer. - AT

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Long term capital gain - adopting the circle rate of sale ...

Circle Rate at Agreement Date Determines Capital Gains Value, per Section 50C(1) of Income Tax Act.

October 21, 2022

Case Laws Income Tax AT

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