Capital gain sec 54f

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AJEET SINGH SHEKHAWAT (Querist)
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22 May 2012 A INDUSTRIAL PROPERTY SOLD THEN BENEFIT UNDER THE SEC 54F A RESIDENTION PROPERTY GIFTED FROM FATHER THEN WILL BE BENEFIT RECEIVED OR NOT?

Deepak Nagori (Expert)
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22 May 2012 Yes benefit of Sec 54F is applicable to industrial property.

Gift of property received from father is tax free u/s 56 of the IT Act

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