cap gain sec47
This query is : Resolved
03 August 2010
the items as per sec 47 are not treated as transfer subject to some condition..does that mean they are exempt from tax completely??
03 August 2010
Yes if the conditions mentioned are satisfied then no gain no tax.
Message likes :
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03 August 2010
It is a conditional exemption..This is means exemption is based on Satisying the condition
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