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Income Tax - Highlights / Catch Notes

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Capital gain computation - deduction of indexed cost of ...


Indexed Cost of Improvement Deduction: Payments to Previous Owners Count in Long-Term Capital Gain Calculations.

August 8, 2023

Case Laws     Income Tax     AT

Capital gain computation - deduction of indexed cost of improvement - amount paid by the appellant to the erstwhile owners requires to be allowed under the head “cost of improvement” while computing taxable amount of long term capital gain - AT

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