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Income Tax - Highlights / Catch Notes

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Exemption u/s 54F - short term capital gain from sale of ...

Income Tax

October 22, 2018

Exemption u/s 54F - short term capital gain from sale of depreciable assets u/s 50 - sale of depreciable assets being factory shed is eligible for exemption u/s 54F of the Act as it is long term capital assets as per the provision of Section 2(42A).

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