56 results for “capital gains”+ Section 151(2)clear
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Bench: Shri A. T. Varkey, Jm]
2(29B). 'long term capital gain' means capital gain arising from the transfer of a long-term capital asset." The difference between "short term capital asset" and "long term capital asset" is the period over which the property has been held by the assessee. It has nothing to do with the nature of the title over the property. The petitioner