20 May 2024


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Bombay HC Orders Tighter Norms on Long-Term Capital Gains from Property Sale - 15.09.2016

Bombay HC has held that an exemption from long-term capital gains where sale proceeds of original asset are invested in a new residential property, will be available only to the extent to which the amount has been actually utilized by taxpayer, before due date of filing his I-T return.

Tags : Bombay HC long-term capital gain Property Sale

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