Tuesday, August 29, 2017

PROPERTY - REAL X Personal ?!

https://lnkd.in/f2ZxZn9
Property- depending on whether 'real' or 'personal', as brought out by the law experts, the tax consequence (s) could materially differ. But then, the opinion and ground of decision , it appears, is highly 'subjective' - not objective- hence conflicting judicial views.

Similar problems do arise in India as well; consider the 'capital asset' as specially defined in sec 2 (14); look up viewpoints shared , among others, in (2006) 153 TAXMAN 126 (Art)

For ready read ONLY >


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