taxation of capital gain in case of partner ship firm

This query is : Resolved 

11 July 2009 plz, send ur reply


1) Is indexation (LTCG) applicable in case of partnershipfirm.

2) A partnership firm sale land & building (long term capital gain)

Is deduction u/s 54EC applicable

11 July 2009 1)Yes

2)Yes.


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