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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on Exemption available from Capital gains |
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Are there any specific requirements under section 54G for how the capital gain must be invested in the new asset? |
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Ans. The amount of exemption will be the lower of the following: (a) Amount of capital gains, whether long-term or short-term; or (b) Aggregate of amount invested in new assets, expenses on transfer or establishment and amount deposited in capital gain account scheme. |
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