Income Tax Act provides for claim of exemption from tax on long term capital gains on sale of capital asset under various provision.For example section 54 or section 54F provides exemption in case investment of net sales proceeds are made in another residential house, while section 54EC provides exemption upto R 50 lakhs if the…
Can You Claim Exemption u/s 54F & 54EC Together !
July 27, 2012 by



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