Advance Payments Deducted from Property Acquisition Cost, Affecting Liability Cessation in Sales Transactions. https://www.taxtmi.com/highlights?id=31318 Addition on cessation of liability - Amount of advance received for sale of property - the amount of advance received should be reduced from the cost of acquisition of asset. - AT en-us Wed, 21 Sep 2016 15:51:18 +0530 Wed, 21 Sep 2016 15:51:18 +0530 TaxTMI RSS Generator Advance Payments Deducted from Property Acquisition Cost, Affecting Liability Cessation in Sales Transactions. https://www.taxtmi.com/highlights?id=31318 Addition on cessation of liability - Amount of advance received for sale of property - the amount of advance received should be reduced from the cost of acquisition of asset. - AT Highlights Income Tax Wed, 21 Sep 2016 15:51:18 +0530 https://www.taxtmi.com/highlights?id=31318