Exemption u/s 54 is allowed when a residential house is sold and the investment is made in .............................
A) another residential house.
B) land.
C) shares.
D) jewellery.
Correct Answer:
Verified
Q9: FMV on 1.4.81 is applicable to assets.......................
A)acquired
Q10: Cost of improvement incurred prior to 1.4.81
Q11: Cost inflation rules for the purpose of
Q12: Short term capital gain on sale of
Q13: Long term capital gain on sale of
Q15: Which one of the following is not
Q16: Tax on short-term gain on sale of
Q17: Statutory limit for exemption of compensation received
Q18: Deduction from gross Total income is allowed
Q19: Contribution made to an approved research association
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