Capital gain


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Querist : Anonymous (Querist)
21 July 2012 IMMOVABLE PROPERTY AUCTION UNDER SARFAESI
WHAT SHALL BE POSITION OF CAPITAL GAIN UNDER INCOME TAX ACT

21 July 2012 Consideration Received less Expenses charged by the authorities on this account will be treated as Net Consideration.
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By keeping in view whether the asset is depreciable asset and if so, any other asset in the block, Capital Gains are to be computed.
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This is a case different from compulsory acquisition.
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