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Capital Gain Tax on Property Sale: Taxable Based on Actual Sale Date, Not Firm Dissolution Date.
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....Capital gain - Sale of property - defunct firm / dissolution of firm - Whether the property/plot of land in question was distributed or transferred by the assessee on 10-04-2000 when the deed of dissolution was executed - Held No - it is taxable as per the actual date of actual sale - AT....
TaxTMI
TaxTMI