TMI BlogWhat is the maximum amount of exemption allowed under section 54?X X X X Extracts X X X X X X X X Extracts X X X X ..... e maximum amount of exemption allowed under section 54 will be lower of the following: a. Amount of long-term capital gains; or b. Rs. 10 crores [1] c. Aggregate of the amount ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ining balance will be considered to be from the Capital Gain Account Scheme. [1] Inserted by the Finance Act, 2023 with effect from assessment year 2024-25. Earlier, the exemption was allowe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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