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Capital Gain On Transfer Of A Long Term Capital Asset Other Than A Residential House - Sec. 54F

Income Tax - Capital Gains - Specific Exemptions - 05 - Section 54F: CAPITAL GAIN ON TRANSFER OF A LONG TERM CAPITAL ASSET OTHER THAN A RESIDENTIAL HOUSE SCOPE Transfer of long term capital asset other than residential house property by an individual or HUF AMOUNT OF EXEMPTION If cost of new house > net consideration of assets transferred = full amount If cost of new house < net consideration of assets transferred, the exemption = CG x (Cost of new house/ Net sale consideration) CONDITIONS .....

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