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Capital gain

This query is : Resolved 

30 December 2013 ASSESSEE IS NRI (ORIGIN IN INDIA BORN)

CAN NRI HAVE BENEFIT FOR LAND IS NOT CAPITAL ASSETS IF THE LAND WAS OUTSIDE THE MUNICIPALITY TERRITORY LIMIT (IE : 8 KMS)

02 January 2014 The definition of capital asset and exclusion of rural land from such definition applies to ALL assessee including a NRI.



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