capital gain
This query is : Resolved
28 September 2017
During this financial year we received a capital gain of RS 4crores by shelling unlisted equity shares and we have deposited RS 1 crore in Birla mutual and reliance mutual funds is there any exemption is permitted as we have deposited in mutual funds
28 September 2017
No exemption allowed for same........ You can get deduction of max. 150000/- in Sec 80C.
29 September 2017
no exemption for investment in non specified mutual funds.
29 September 2017
for long term capital gain,one needs to be careful in claiming the deduction u/s 80C
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