TMI BlogExemption u/s 54 / 54F - While section 54 of the Act deals with capital gains arising out of transfer of...Exemption u/s 54 / 54F - While section 54 of the Act deals with capital gains arising out of transfer of buildings or lands appurtenant thereto and being residential house, section 54F of the Act deals with capital gain arising out of transfer of any long term capital asset not being a residential house. Otherwise, in all other aspects of the matter, the two provisions namely sections 54 and 54F are in pari materia. Therefore, the interpretation of 'a residential house' occurring in section 54F ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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