Capital gainstax
This query is : Resolved
04 March 2014
IF A PERSON SELLS GOLD RECEIVED FROM HIS PARENTS AND INVESTS THE WHOLE AMOUNT IN A HOUSE PROPERTY DOES HE HAVE TO PAY CAPITAL GAIN TAX OR NO. IS THERE ANY PROVISION AS PER INCOME TAX ACT THAT HE CAN GET RID OF CAPITAL GAIN TAX IN THIS CASE
05 March 2014
he can claim exemption under section 54F for the whole of the capital gains.
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