Exemption of income u/s 11 - sale proceeds of property - ...

Assessee Qualifies for Section 11(1A) Income Tax Exemption by Investing Property Sale Proceeds in Fixed Deposits.

March 14, 2020

Case Laws Income Tax AT

Exemption of income u/s 11 - sale proceeds of property - acquisition of new property - Since the assessee has made the investment in fixed deposits for more than 6 months in the same financial year, we hold that the assessee is entitled for exemption of sale consideration u/s 11(1A) of the Act and the same required to be considered as for acquiring another capital asset. - AT

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Exemption of income u/s 11 - sale proceeds of property - ...

Assessee Qualifies for Section 11(1A) Income Tax Exemption by Investing Property Sale Proceeds in Fixed Deposits.

March 14, 2020

Case Laws Income Tax AT

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