Section 54 of income tax

Indira (CA ) (1381 Points)

29 August 2017  

Exemption  under section 54 applies in case of Long term capital gain from residential house transfer. What would be the period of holding for assessment year 2018-2019. Given that period of holding for immovable property is changed  from 3 years to 2 years for it to be taken as long term capital gain.