Under section 54 of the Income Tax Act, if the new residential property is sold within a period of 3 years from the date of acquisition, then capital gains exempted will be taxable as long term capital gain or short term capital gain if the new residential property was held for more than 24 months before sale?
Menu
Reversal of exemption u/s 54 of Income tax act
Replies (2)
Long Term Capital Gain
Calculate ltcg
Recent Threads
Related Threads
CAclubindia
