Under which section, the assessee has to reinvest the entire net consideration to claim full exemption for the long-term capital gains earned during a previous year —

CS Executive · Tax Laws and Practice · PYQS · June 2016
Under which section, the assessee has to reinvest the entire net consideration to claim full exemption for the long-term capital gains earned during a previous year —
(A) Section 54EC
(B) Section 54F
(C) Section 54GA
(D) Section 54D.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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