Court Rules Asset Held Long Enough for Long-Term Capital Loss, Qualifies for Indexation Benefits Under Tax Provisions.

Court Rules Asset Held Long Enough for Long-Term Capital Loss, Qualifies for Indexation Benefits Under Tax Provisions. https://www.taxtmi.com/highlights?id=58610 Long term or Short term capital gain - holding period of asset - benefit of indexation - Transfer of property - Assessee has acquired a right in the asset and such right is a capital asset and payment of installments as per the terms is only a follow-up action and taking delivery of possession is only a formality. Therefore, the assessee in our opinion has correctly computed the long term capital loss. - AT en-us Fri, 02 Jul 2021 16:19:06 +0530 Fri, 02 Jul 2021 16:19:06 +0530 TaxTMI RSS Generator Court Rules Asset Held Long Enough for Long-Term Capital Loss, Qualifies for Indexation Benefits Under Tax Provisions. https://www.taxtmi.com/highlights?id=58610 Long term or Short term capital gain - holding period of asset - benefit of indexation - Transfer of property - Assessee has acquired a right in the asset and such right is a capital asset and payment of installments as per the terms is only a follow-up action and taking delivery of possession is only a formality. Therefore, the assessee in our opinion has correctly computed the long term capital loss. - AT Highlights Income Tax Fri, 02 Jul 2021 16:19:06 +0530 https://www.taxtmi.com/highlights?id=58610