Capital Gain Exemption u/s 54 F

Tax queries 1307 views 16 replies

Dhiraj is absolutely right. Transfer is defined under Transfer of Properties act. Transfer by way of Gift wihout consideration is not a transfer for the purposes of calculation of tax liability under the head capital gains.

Exemption will not be withdrawn.

Replies (16)

Dhiraj is absolutely right. Transfer is defined under Transfer of Properties act. Transfer by way of Gift wihout consideration is not a transfer for the purposes of calculation of tax liability under the head capital gains.

Exemption will not be withdrawn.

 Yes exemption shall not be withdrawn


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