RM. ARUNACHALAM versus COMMISSIONER OF INCOME-TAX
Capital Gains Capital Gains Calculated deduction State duty payments can be considered as cost of acquisition or cost of improvement of capital assets The sale of inherited property under a will does not compensate for interest in the property. It seems that the Essex was completed. Even before the payment of the State Duty, the property owner cannot be treated as the cost of acquisition or improvement of the State Duty, Indian State Duty Act 1953, Section 74 Indian Income Tax Act; 1961, Sections 45, 48, 49 and 55.
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