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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

LTCG - Exemption u/s 54B in respect of gains on sale of ...


Exemption on Long-Term Capital Gains from Agricultural Land Sale: Section 54B Requires Two Crop Seasons in Two Years.

December 23, 2019

Case Laws     Income Tax     AT

LTCG - Exemption u/s 54B in respect of gains on sale of agriculture land - two crop seasons in the two years preceding to the date of transfer, meets the legal requirement of law in section 54B of the Act.

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