https://www.taxtmi.com/forum/issue?id=4468 Long-term capital gains tax applies on the sale of the residential property in question, and the respondent advises that relief or mitigation is available under Section 54 of the Income Tax Act, directing the taxpayer to that statutory provision while noting the subsequent purchase of a commercial property. en-us Sat, 04 Aug 2012 12:35:45 +0530 Thu, 23 Jan 2025 15:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4468 Long-term capital gains tax applies on the sale of the residential property in question, and the respondent advises that relief or mitigation is available under Section 54 of the Income Tax Act, directing the taxpayer to that statutory provision while noting the subsequent purchase of a commercial property. Discussion-Forum Income Tax Sat, 04 Aug 2012 12:35:45 +0530 https://www.taxtmi.com/forum/issue?id=4468