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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 .....

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Any long term capital asset other than house property is transferred Assessee owns not more than one house property on the date of transfer, exclusive of the house u/s 54F Exempt if invested in one residential house in India within one year before o .....

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fer, any other residential house property. Otherwise capital gains exempted will be taxable in year of purchase or construction as LTCG. New house property should not be transferred for 3 years from the date of its acquisition. IF AMOUNT NOT UTILIZED .....

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