Capital gains

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. WHETHER EXEMPTION UNDER SECTION 54 CAN BE CLAIMED IN A CASE WHERE THE COST OF ACQUISITION ( ACQUIRED MORE THAN 7 YEARS BACK ) IS NOT DECLARED IN THE INCOME TAX RETURNS FILED BY THE ASSESSEE


 

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Yes, provided its not Benami Property.

question will raise about source of money for your investment and section 69 will apply


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