Capital Gains or income from other sources - Nature of ...

Relinquishing an asset incurs taxable capital gains; initial acquisition payment is the cost of acquisition.

October 9, 2023

Case Laws Income Tax AT

Capital Gains or income from other sources - Nature of compensation received - Where such an asset is transferred by way of relinquishment, the compensation for such relinquishment so received is chargeable to tax under the head “Capital gains” and the amount initially paid shall be treated as cost of acquisition for acquiring such rights. - AT

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Capital Gains or income from other sources - Nature of ...

Relinquishing an asset incurs taxable capital gains; initial acquisition payment is the cost of acquisition.

October 9, 2023

Case Laws Income Tax AT

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