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Capital Gain

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(Querist)
02 February 2011 Suppose my capital gain (long term or short term)is 10 lacs & my interest income is 1,20,000. If I invest that interest income in 80c (i lac) & 80ccf (20,000) then will I get an exemption of full 1,60,000 from my capital gain as exemption limit is upto 1,60,000 or will I get benefit of only 40,000 i.e. 1,60,000 - 1,20,000.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
02 February 2011 You will get exemption of full 1,60,000 from ur capital gain as exemption limit is upto 1,60,000.
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Guest (Expert)
02 February 2011 Agree with Mr. Aditya
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