Tag Archives: section 50C income tax

Before 01.10.2009 Sec 50C not applicable if properties were sold otherwise than by registered sale deed : ITAT

By | May 9, 2020

Before 01.10.2009 Sec 50C not applicable if properties were sold otherwise than by registered sale deed : ITAT Word ‘Assessable’ inserted in section 50C w.e.f. 01-10-2009 has no retro-effect.  The Assessing Officer, in view of the provisions of section 50C of the Act, the assessee was required to declare the long-term capital gain on the… Read More »