Capital gain valuation (Immovable Property) as per IT Act 1961

Mohammed Ibrahim , Last updated: 01 May 2022 Share Follow on Google News

1.0: Capital gain is the amount by which the selling price of an asset exceeds the purchase price; the gain is realized when the asset is sold. (Word web Dictionary). 1.1: Long term capital assets as per Income-tax Act, 1961 (hereinafter referred to as The Act) Any capital asset held by a pers

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About the Author

Mohammed Ibrahim

Registered WT Valuer - Arbitrator - Architect.

B.Arch, PGD/ Traffic Engg (Madras University), MIBC, FICA: Architect under the Architects Act 1972 and Property Valuer under the Wealth Tax Act 1957, Certified Arbitrator. Achievement: 45plus years experience (National International). Institution of Valuers, India Gold Medalist. Awardee of Dr. B. N. Gupta aw ... Read more

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Capital gain valuation (Immovable Property) as per IT Act 1961

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