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Blog posts : "long term capital asset"

Taxation on sale of Co-operative Flat

May 30, 2017
Date of possession of the co-operative flat is not relevant for determining whether it is a Long term capital asset or not.
 
The words "held" and "possessed" were not synonymous. Both the words are having different meanings. According to us, the word used by the Legislature is "held" and, t…

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