TMI BlogWhat are the circumstances in which exemption under section 54EE can be withdrawn?X X X X Extracts X X X X X X X X Extracts X X X X ..... als - Ans. The exemption claimed by assessee under section 54EE can be withdrawn in the following circumstances: a) Transfer of new asset within 3 years: If long-term specified asse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s are converted into money within a period of 3 years from the date of its acquisition, the exempted amount of capital gain is chargeable to tax as long-term capital gain in the previous year in which ..... X X X X Extracts X X X X X X X X Extracts X X X X
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