Hindu Undivided Families (HUFs) cannot claim Section 54B exemption on LTCG for years before 2012 amendment.

Hindu Undivided Families (HUFs) cannot claim Section 54B exemption on LTCG for years before 2012 amendment. https://www.taxtmi.com/highlights?id=36712 LTCG - exemption u/s 54B - scope of amendment - making HUF eligible for claiming exemption u/s. 54B - assessee being HUF is not eligible for claiming exemption u/s. 54B of the Act during the assessment year - the 2012 amendment in not retrospective. en-us Sat, 28 Oct 2017 17:46:55 +0530 Sat, 28 Oct 2017 17:46:55 +0530 TaxTMI RSS Generator Hindu Undivided Families (HUFs) cannot claim Section 54B exemption on LTCG for years before 2012 amendment. https://www.taxtmi.com/highlights?id=36712 LTCG - exemption u/s 54B - scope of amendment - making HUF eligible for claiming exemption u/s. 54B - assessee being HUF is not eligible for claiming exemption u/s. 54B of the Act during the assessment year - the 2012 amendment in not retrospective. Highlights Income Tax Sat, 28 Oct 2017 17:46:55 +0530 https://www.taxtmi.com/highlights?id=36712