Monday, July 6, 2020

Capital Gain Tax payable in the absence of deposit in Capital Gain Account Scheme: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the income tax can be levied on the amount of capital gain on transfer of land used for agricultural purposes if new land is not purchased within a period of three years or the amount is deposited in a designated capital gain account scheme. […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3dWs8hy

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