if insurance claim received in respect of property destroyed how the capital gain to be comput.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 02 December 2018
No capital gain over insurance claim of destroyed property.
The amount is credited to block of asset.
RAHUL
(Student CA Final )
(377 Points)
Replied 02 December 2018
Capital Gain arises in the year of receipt of insurance claim under sec 45 of the Income Tax Act, 1961.
rama krishnan
(12234 Points)
Replied 02 December 2018
Nitesh bind
(Student CA Final )
(12692 Points)
Replied 02 December 2018
Manish Kumar
(Manager)
(32 Points)
Replied 02 December 2018
Nitesh bind
(Student CA Final )
(12692 Points)
Replied 02 December 2018
rama krishnan
(12234 Points)
Replied 02 December 2018
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