Capital gains
Souvik Kumar Ghosh (CA Final) (1368 Points)
20 January 2015Souvik Kumar Ghosh (CA Final) (1368 Points)
20 January 2015
CA Neelam Maheshwari
(internal Auditor)
(497 Points)
Replied 20 January 2015
Souvik Kumar Ghosh
(CA Final)
(1368 Points)
Replied 21 January 2015
Sec-54 provides exemption only on Long term Capital Asset. In the instant case the asset is short term.