Long-Term Capital Gains Based on Sale Deed Value; Bonus Shares Not Taxed Under Section 56(2)(vii)(c); Section 54F Deduction Allowed for One Property O...
Exemption u/s 54F - Sale consideration - purchase of five flats...
Assessee Eligible for Section 54F Income Tax Exemption on Purchase of Five Flats Exchanged for Land.
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Income TaxAugust 17, 2013Case LawsAT
Exemption u/s 54F - Sale consideration - purchase of five flats - assessee was eligible for claiming exemption under section 54F of the Act on the five flats received by her in lieu of the land she had parted with. - AT