Monday, September 21, 2020

Advance given for Purchase of Flat prior to Sale of Asset eligible for Capital Gain Deduction: Madras High Court [Read Judgment]

The Madras High Court held that there is no prohibition on claiming capital gain deduction in respect of investments made prior to the sale of old assets. The Single bench held that the amount of advance given for the purchase of flat by the assessee prior to the sale of a capital asset is eligible […]

from Taxscan | Simplifying Tax Laws https://ift.tt/32Mi8Fb

No comments:

Post a Comment