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Capital Gains
Amount deposited in CGAS to claim exemption u/s 54F which is unutilised for the purpose is Re. 20lacs. Period of 3 years expires during FY 2018-19. Is the entire 20 lacs is taxable as LTCG at 20 %?
Replies (2)
Yes, Recalculate the original capital gains liability.
Yes. 20Lacs would be taxable as LTCG
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