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Commerce · Q351

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 351

Q351

Amount unutilised in capital gain account scheme for which exemption claimed u/s 54 shall be treated as long-term capital gain, if:

A.
2 years have expired from the date of transfer
B.
2 years have expired from the date of deposit
C.
3 years have expired from the date of transfer
Answer
D.
3 years have expired from the date of deposit

Answer: Option C

Solution

Answer: Option C
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