Thursday, 22 November 2012

•Non-Performing Assets and Restructuring of Advances

To read the notification, click on the link given below:



http://www.caalley.com/rbi12/ISCS211112FL.pdf

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ITAT: Property Received on Family Trust Dissolution Qualifies as ‘Devolution’, Long-Term Capital Gains Tax Applies

Under income tax law, when a capital asset is acquired by way of succession, inheritance or devolution, the cost of acquisition is deemed to...