Q364
The certain amendments have been done to Section 54 of Income Tax Returns Act, 1961 for 2020-21. Which of the amendment/s doles apply or do not apply?
A.
Capital Gains Exemption Taxpayers can now obtain a long-term capital gains exemption on the sale of a house by investing in two houses
B.
The upper limit of transaction has been taken to Rs. 2 crore
C.
Both A and B
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
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