Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Exemption of capital gains for residential house transfers: proportionate relief based on consideration, subject to ownership limits. Exemption applies when an individual or HUF transfers a long term capital asset that is a residential house chargeable under Income from house property; a ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Exemption of capital gains for residential house transfers: proportionate relief based on consideration, subject to ownership limits.
Exemption applies when an individual or HUF transfers a long term capital asset that is a residential house chargeable under Income from house property; a portion of the resultant capital gain is exempt by reference to the amount of consideration received, with proportionate exemption where consideration exceeds a specified threshold, and the exemption is inapplicable if the assessee owns any other residential house on the date of transfer.
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