A property(being piece of land) has been inherited by the assessee and same has been converted into stock in trade. Can the the assesee claim exemption u/s 54F or any other section on the capital gain arised out of the conversion.???
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Conversion of capital asset into stock in trade
Replies (2)
Exemption can be claimed either u/s 54F or 54EC
Yes exemption can be claimed
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