Capital Gain Exemption Benefit u/s 54  can be availed in respect of Basement Property: ITAT [Read Order]

Capital - Gain - Exemption - respect - of - Basement - Property - ITAT - TAXSCAN

The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that capital gain exemption under Section 54 of Income Tax Act, 1961 benefit could be availed in respect of basement property. Section 54 of the Income Tax Act can be claimed exemptions on  capital gains of assessee arising from the long term capital…

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