Exemption for long-term capital gains applies when a long-term capital asset is transferred under the tax provision. The exemption under Section 54EE applies to capital gain arising from the transfer of any long-term capital asset; the operative condition is that the ... Summary
Exemption for long-term capital gains applies when a long-term capital asset is transferred under the tax provision.
The exemption under Section 54EE applies to capital gain arising from the transfer of any long-term capital asset; the operative condition is that the gain must arise from a transfer qualifying as long-term.
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