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taxation of capital gain in case of partner ship firm

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(Querist)
11 July 2009 plz, send ur reply


1) Is indexation (LTCG) applicable in case of partnershipfirm.

2) A partnership firm sale land & building (long term capital gain)

Is deduction u/s 54EC applicable
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
11 July 2009 1)Yes

2)Yes.

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