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Answers: Part-A 1.Based on the framework of Income Tax Assessment Act 97, capital gains tax is the tax which can be asserted on capital disposal on a whole. Moreover, by seeking any changes that have been incurred betwixt the base of cost and the proceeds attained from the asset attracting capital gains. This can pave a path for the determination of capital gains or capital losses whatsoever. In this scenario, the taxation of capital gains is...Read More
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