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Consequence of CGT on Sale of Assets and Determination of Cost of Asset

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Added on 2022/11/14

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This article discusses the applicability of Capital Gains Tax on the sale of assets and the determination of the cost of the asset. It also explains the provisions of Income Tax Assessment Act, 1997 related to the capitalization of assets and computation of capital allowance.

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Consequence of CGT on Sale of Assets and Determination of Cost of Asset

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