Capital Gains
This query is : Resolved
04 February 2009
Wht is section 47 of income tax act in accordance to capital gains
thanks in advance
thanks in advance
04 February 2009
Capital gain arises when the asset is tranferred. Certain transactions are not treated as transfer eventhough actual transfer takes place. Those exceptions to the rule transfer has been laid down in sec.47 of the income tax act.
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