BareLaws
SUBSECTION

Section 50(1)

From: The Income-tax Act, 1961

(1) where the full value of the consideration receiv ed or accruing as a result of the transfer of the asset together with the full value of such consideration received or accruing as a result of the transfer of any other capital asset falling within the block of the assets during the previous year, exceeds the aggregate of the following amounts, namely: -