Hi Guys,
I have 3 query regarding 54F.
1) Can 54F be claimed on LTCG of foreign stocks(Nasdaq Listed)?
2) Foreign stock are considered LTCG after 24 month of holding right?
3) Can 54F be claimed on the second property or it can be claimed on first property only?
as per the example given it mentions second property. Can you give me an authentic source for the clarification of my third query.
1. Yes.
2. Yes.
3. Even for second one, provided other conditions of the sub-section are setisfied.
WHAT ARE THE OTHER CONDITIONS OF SUB SECTION?
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