Do The Capital Gains On Sale Of Residence Get Better Treatment Than Gains On Commercial Property?

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Sale of commercial property or┬áresidential┬áproperty , both, gives rise to capital gains . However , the treatment of the gains , as for as taxation is concerned, is different .First is the exemption from capital gains are in tow different sections of the Income Tax Act-i.e Section 54 is for claiming exemption on sale of…

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