Under which Section, the assessee has to reinvest the entire net consideration to claim full exemption on long term capital gains earned from transfer of long-term capital assets other than a residential house during the

CS Executive · Tax Laws · PYQS · December 2023
Under which Section, the assessee has to reinvest the entire net consideration to claim full exemption on long term capital gains earned from transfer of long-term capital assets other than a residential house during the previous year:
(A) 54F
(B) 54E
(C) 54D
(D) 54C

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic