02 February 2011
Suppose my capital gain (long term or short term)is 10 lacs & my interest income is 1,20,000. If I invest that interest income in 80c (i lac) & 80ccf (20,000) then will I get an exemption of full 1,60,000 from my capital gain as exemption limit is upto 1,60,000 or will I get benefit of only 40,000 i.e. 1,60,000 - 1,20,000.
CAclubindia
