Monday, September 17, 2018

Capital gains on sale of building along with land to be bifurcated if dep. was claimed on building

IT: On acquisition of land on which there was a hotel, part of compensation related to land would be subject to LTCG while that on hotel building to STCG

from www.taxmann.com Latest Case Laws https://ift.tt/2D23lve
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...