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