Judicial Dictionary - C

Judicial Dictionary

Legislative Dictionary

Capital gains

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TitleCapital gains

In computing the capital gains, the income under the head "Capital gains" shall be computed after deduction of the cost of acquisition of the land and any capital expenditure incurred for any improvements made thereon, that is any investment from the fair market value of the property in question. (Commissioner of Taxes Vs. Hazi Ahsanul Haque, 60 DLR (HCD) (2008) 172) 

Created OnJune 9, 2014, 4:18 AM