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Exemption of Capital Gains on Property by Sumit Kumar is a document available to read on EtoBox.

What is Exemption of Capital Gains on Property about?

1. The document discusses the tax exemption for capital gains from the transfer of a residential property under section 54 of the Indian Income Tax Act. 2. It is clarified that the tax exemption is only available to individual property owners and not to Hindu undivided families. 3. Capital gains from the transfer of multiple residential properties can qualify for the exemption if each property was used for residence and meets the other conditions.

Author

Sumit Kumar

Language

EN