Exemption under section 54 applies in case of Long term capital gain from residential house transfer. What would be the period of holding for assessment year 2018-2019. Given that period of holding for immovable property is changed from 3 years to 2 years for it to be taken as long term capital gain.
Menu
Section 54 of income tax
Replies (1)
" What would be the period of holding for assessment year 2018-2019?"
TWO YEARS... or more holding period for assessment as 'Long Term'.
Recent Topic
- Money transction within Family
- ITR-2 salary breakup updation
- Application for ₹2 Crore Term Loan under Cre
- ITR-2 Schedule CG: Indexation cost ignored for lan
- INCOME TAX NOTICE 143(2) - FY 2024-2025
- Unable pay Self Assessment Tax - Netbanking and De
- Section 192 2(b) entry in IT return ITR 1
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
Related Topics
CAclubindia
