5 Simple Statements About 54 cash Explained
5 Simple Statements About 54 cash Explained
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Due to this fact, the entire sale thought was regarded as funds gains. Experienced the property been bought immediately after three yrs , ie after June 2018, then in these kinds of scenario the expense of acquisition might be available being a deduction and money gains would cut back.
The key benefit of an asset getting termed as an extended-phrase money asset is that the assessee is suitable for the advantage of indexation. In addition, sure exemptions are eligible only for very long-expression money property.
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Nonetheless, the exemption is matter to the cash attain not exceeding Rs two crore. Also, the exemption is on the market only once inside the lifetime of the vendor.
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