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Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on Exemption available from Capital gains This

Income Tax - Frequently Asked Questions (FAQs)

FAQs on Exemption available from Capital gains

What is Section 54B of the Income-tax Act?

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Ans.  Section 54B​ provides the exemption from capital gains arising from the transfer of agricultural land. The exemption can be availed if the amount of capital gains are further invested in the purchase of a new agricultural land under the prescribed time limit.

 

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