Capital Gain Exmeption under section 54 and availability of tax benefit under new scheme ?

Tax planning 116 views 1 replies

I want to know regarding the exemption availability of benefit under section 54 as regarding capital gain and investment in new capital asset.

Whether the benfit is available under New Tax Regime for investment made in capital asset to reduce tax liability on capital gain arising on sale of the prescribed Capital Asset as per the old tax regime.

Please guide with notification/circular or any other relevant referece material.

 

Replies (1)

Exemption u/s. 54 IT act remains same under old or new regime.

Only deductions available under chapter VI A are not eligible in New regime.

 


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