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Taxability on Adverse possession
Capital gain tax on sale of property acquired through adverse possession
Replies (3)
In my opinion, no capital gain is applicable because the courts have ruled that capital gain tax is not chargeable when the cost of acquisition is either nil or unascertainable. Many time decisions given by the Hon'ble Supreme Court and various High Courts across the country.
What if cost of acquisition in not nil.And under which section it will not taxable if cost is nil.
What do you mean by adverse position?
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