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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Municipal taxes paid by the assessee on yearly basis cannot be ...


Municipal Taxes Not Considered Acquisition or Improvement Costs in Capital Gains Calculations Under Tax Law.

February 26, 2013

Case Laws     Income Tax     AT

Municipal taxes paid by the assessee on yearly basis cannot be considered as a cost of acquisition or cost of improvement allowed while determining the capital gain. - AT

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