Short Term Capital Gain
This query is : Resolved
CA PARAS BAFNA
(Expert)
23 July 2011
Exemption from short term capital gains arising on transfer of depreciable assets in accordance with Section 50, and the assets transferred were in fact held for more than 3 years, then on such capital gains exemption under the exemption U/s 54EC can be claimed.
Otherwise, against short term capital gains , exemption is not available.
Otherwise, against short term capital gains , exemption is not available.
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