Section 54F - Undesirable provision from an economic perspective

Mikdad Merchant , Last updated: 14 November 2011  
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Before I delve into my topic of discussion, let me give a short brief about section 54F of the Income Tax Act 1961. Section 54F deals with exemptions from capital gains, it provides that in case of an individual or a HUF, capital gains arising from the transfer of a long term capital asset

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Mikdad Merchant
(Chartered Accountant)
Category Taxpayers   Report

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