May 13, 2024 12:50 am

Section 54

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March 11, 2023 at 5:26 pm #2203

R K
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Section 54

March 11, 2023 at 5:30 pm #2204

R K
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Exemption under section 54 can be claimed in respect of capital gains arising on transfer of capital asset, being long-term residential house property. The period of holding in case of immovable property, being land or building or both, is reduced 24 months, to qualify as long-term capital asset.
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