Capital gain sec 54f

This query is : Resolved 

22 May 2012 A INDUSTRIAL PROPERTY SOLD THEN BENEFIT UNDER THE SEC 54F A RESIDENTION PROPERTY GIFTED FROM FATHER THEN WILL BE BENEFIT RECEIVED OR NOT?

22 May 2012 Yes benefit of Sec 54F is applicable to industrial property.

Gift of property received from father is tax free u/s 56 of the IT Act



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