Gifted property tax implication

Tax queries 297 views 1 replies

Thanks for Your Valuable Help....

Again I have query .The query is that Mr.H Has Sold Agricultural Land Situated in Urban area and Purchased new residential property in the city. Whether he is Eligible for Exemption regarding purchase of New Residential Property under which section of IT Act.

Replies (1)
He is eligible for exemptions under capital gain provisions


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